# SHUNHUA LITHIUM lND.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shunhua-lithium-lnd

- Industry: Energy Storage & Batteries
- Headquarters: Changsha, China
- Website: www.shunhualithium.com
- Total disclosed funding: $14M
- Latest round: Series A (Oct 31, 2022)
- Investors on record: 11

## About

Based in Changsha, China, and established in 2016, SHUNHUA LITHIUM lND. operates as an environmental protection technology company that focuses on recycling lithium iron phosphate batteries. As of 2023, the company has more than 150 employees. It is headquartered in Changsha and has production bases in Zhuzhou and an R&D center in Changsha. In 2017, the company completed the lithium battery waste powder disposal production lines with an annual output of 300 tons. In 2020, it was recognized as "Hunan New Material Enterprise". In September 2023, the company raised approximately CNY million in pre-series B funding from Sensegain Asset Management, Shanghai Aotu Investment Management, Sinomime Resource Exploration Co., Ltd, Vision Group and Zheshang Venture Capital. It cooperates with Changsha Research Institute of Mining and Metallurgy and Central South University, etc.

The company recycles scrapped lithium iron phosphate batteries, pole pieces, and powder as raw materials and process them into industrial-grade lithium carbonate and sodium sulfate. Its products are divided into four series, which include lithium carbonate products, intermediate salt products, phosphate cathode materials and resource-based current collector materials, such as battery grade lithium carbonate, anhydrous sodium sulfate, sodium iron phosphate, and crushed and sorted aluminum particles.

The company will invest in R&D waste recycling projects of 150,000 tons of waste lithium iron phosphate batteries.

## Funding rounds

- Series A, Oct 31, 2022, $14M — Shenzhen HTI, Shenzhen Guohua Investment Management, Jiangsu Investment Management, SMECG Talent Equity Investment Fund Management, SVOLT Energy, KY Private Equity Fund, Minmetals Innovation Fund, Kaiyan Investment, Hunan Yitong Venture Capital Fund Management
- Series A, Jun 22, 2022 — Shenzhen HTI, Zhuzhou SAH Innovation & Entrepreneur Investment Co.,Ltd, Kaiyan Investment, Shanghai Ruiying Industrial Development

## Investors

- Shenzhen HTI (https://capitalatlas.ai/funds/shenzhen-hti) — Series A
- Zhuzhou SAH Innovation & Entrepreneur Investment Co.,Ltd — Series A
- Kaiyan Investment — Series A
- Shanghai Ruiying Industrial Development — Series A
- Shenzhen Guohua Investment Management — Series A
- Jiangsu Investment Management (https://capitalatlas.ai/funds/jiangsu-investment-management) — Series A
- SMECG Talent Equity Investment Fund Management (https://capitalatlas.ai/funds/smecg-talent-equity-investment-fund-management) — Series A
- SVOLT Energy — Series A
- KY Private Equity Fund (https://capitalatlas.ai/funds/ky-private-equity-fund) — Series A
- Minmetals Innovation Fund (https://capitalatlas.ai/funds/minmetals-innovation-fund) — Series A
- Hunan Yitong Venture Capital Fund Management — Series A