# SPIC Hydrogen Energy Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spic-hydrogen-energy-co

- Industry: Power & Utilities
- Headquarters: Beijing, China
- Website: www.spiche.com.cn
- Total disclosed funding: $708M
- Latest round: Series B (Dec 8, 2022)
- Investors on record: 15

## About

Established in 2017 and based in Beijing, China, SPIC Hydrogen Energy Co., Ltd. is an energy company that engages in the development of the hydrogen energy under State Power Investment Corporation. In 2019, the company also established companies engaged in the development of fuel cells and energy materials in Ningbo. In 2021, the company developed a 100-kilowatt power metal bipolar plate fuel cell stack.

The company's main business includes fuel cell research and development, power system unit development, hydrogen production technology research, and hydrogen safety testing and experimental verification examination.

## Funding rounds

- Series B, Dec 8, 2022, $647M — China Cinda Asset Management, CCT Fund Management, Shang Finance, Xuhui Capital, China Development Bank Capital, Beijing Daxing Investment Group, National Green Development Fund, Tang Xing Capital, Wuhan Jingkai Industrial Capital, Sichuan Provincial Investment Group Co.,Ltd., Jiaxing Guohe Investment
- Series A, Jun 9, 2021, $61M — Pro Capital, Dong Feng Asset Management, Three Gorges Investment, ABC International Capital

## Investors

- Pro Capital (https://capitalatlas.ai/funds/pro-capital) — Series A
- Dong Feng Asset Management — Series A
- Three Gorges Investment (https://capitalatlas.ai/funds/three-gorges-investment) — Series A
- ABC International Capital (https://capitalatlas.ai/funds/abc-international-capital) — Series A
- China Cinda Asset Management — Series B
- CCT Fund Management — Series B
- Shang Finance (https://capitalatlas.ai/funds/shang-finance) — Series B
- Xuhui Capital — Series B
- China Development Bank Capital — Series B
- Beijing Daxing Investment Group — Series B
- National Green Development Fund (https://capitalatlas.ai/funds/national-green-development-fund) — Series B
- Tang Xing Capital (https://capitalatlas.ai/funds/tang-xing-capital) — Series B
- Wuhan Jingkai Industrial Capital (https://capitalatlas.ai/funds/wuhan-jingkai-industrial-capital) — Series B
- Sichuan Provincial Investment Group Co.,Ltd. — Series B
- Jiaxing Guohe Investment — Series B