# Sigenpower

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sigenpower

- Industry: Energy Storage & Batteries
- Headquarters: Shanghai, China
- Latest round: Series A (Dec 31, 2022)
- Investors on record: 4

## About

Based in Shanghai, China, and founded in 2022, Sigenpower is an energy storage company specializing in the development of new energy storage products. It has 6GWh of energy storage cell pack capacity. In December 2022, Sigenpower raised an undisclosed amount of series A funding from new investors Eastern Bell Capital and V Fund. As of 2023, it has 500 employees, of which more than 350 employees are in R&D. The founder, Yingtong Xu worked at Huawei Smart PV from 2010-2020.

The company is engaged in overseas household energy storage business. It launched its first product 5 In One in June 2023, which integrates inverter and battery in one product. The household storage product is equipped with a GPT-4 capable app, mySigen.

## Funding rounds

- Series A, Dec 31, 2022 — Eastern Bell Capital, V Fund
- Angel, Aug 31, 2022 — Walden Catalyst, GL Ventures

## Investors

- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Angel
- GL Ventures (https://capitalatlas.ai/funds/gl-ventures) — Angel
- Eastern Bell Capital — Series A
- V Fund (https://capitalatlas.ai/funds/v-fund) — Series A