# SVOLT Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/svolt-energy

- Industry: Energy Storage & Batteries
- Headquarters: Baoding, China
- Website: www.svolt.cn
- Total disclosed funding: $2.5B
- Latest round: Series B (Dec 11, 2021)
- Investors on record: 25

## About

Founded in 2016 and based in Baoding, China, Honeycomb Energy Technology Co., Ltd., doing business as Svolt Energy Technology Co. Ltd., operates as a developer of energy storage and battery technology. The company was founded by its CEO, Yang Hongxin. Honeycomb Energy Technology Co., Ltd. has more than 3,100 employees. In July 2021, the company received its latest Series B funding from a group of investors that includes Bank of China Group Investment, National Fund for Technology Transfer and Commercialization, and Country Garden Venture Capital.

The company offers various battery technologies including a core suitable for PHEV models with a pure electric range of 80km, a module intended for PHEV models in the module integrated BMS board, a battery pack for improving battery life, and a battery management system that offer security solutions from requirements, software, hardware, and testing to calibration. It also develops electric vehicle battery (EVB) materials, cells, modules, PACK, BMS, an energy storage system (ESS), and solar energy research & development and manufacturing. The company also offers an artificial intelligence (AI) platform for pure electric vehicles such as luxury cars and class A family cars.

The company's revenue is generated by the sales of its various battery technologies to different industries.

The company plans to use the latest Series B funding to improve its research & development and develop new technologies and construction of new factories in  Changzhou, Suining, Huzhou, Ma’anshan, and Nanjing in China and expansion in the European region.

## Funding rounds

- Series B, Dec 11, 2021, $942M — Advantage Capital, CDIB Capital Group, CDH Investments, PICC Capital Equity Investment, Xingyu Co., Ltd, Han's Laser Technology Co., Ltd, Yancheng City Industrial Investment Group, Taikang Investment, Shangrao Binjiang Investment, Three Gorges Investment, Sichuan Energy Investment (Hong Kong) Holdings, China Mobile Capital, Huzhou Industrial Investment Development Group Co.,Ltd.
- Series B, Jul 30, 2021, $1.6B — Bank of China Group Investment, IDG Capital, China Renaissance Capital Investment, JZ Capital Partners, Xiaomi Corporation, CS Capital, Sany Group Co. Ltd., Shenzhen Capital Real Estate Fund, CCB Investment Funds Management, Oceanpine Capital, National Fund For Technology Transfer and Commercialization, Shenzhen Country Garden Venture Capital Co., Ltd.

## Investors

- Bank of China Group Investment — Series B
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series B
- China Renaissance Capital Investment (https://capitalatlas.ai/funds/china-renaissance-capital-investment) — Series B
- JZ Capital Partners — Series B
- Xiaomi Corporation — Series B
- CS Capital — Series B
- Sany Group Co. Ltd. — Series B
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series B
- CCB Investment Funds Management (https://capitalatlas.ai/funds/ccb-investment-funds-management) — Series B
- Oceanpine Capital (https://capitalatlas.ai/funds/oceanpine-capital) — Series B
- National Fund For Technology Transfer and Commercialization — Series B
- Shenzhen Country Garden Venture Capital Co., Ltd. — Series B
- Advantage Capital — Series B
- CDIB Capital Group (https://capitalatlas.ai/funds/cdib-capital-group) — Series B
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series B
- PICC Capital Equity Investment (https://capitalatlas.ai/funds/picc-capital-equity-investment) — Series B
- Xingyu Co., Ltd — Series B
- Han's Laser Technology Co., Ltd — Series B
- Yancheng City Industrial Investment Group — Series B
- Taikang Investment (https://capitalatlas.ai/funds/taikang-investment) — Series B
- Shangrao Binjiang Investment — Series B
- Three Gorges Investment (https://capitalatlas.ai/funds/three-gorges-investment) — Series B
- Sichuan Energy Investment (Hong Kong) Holdings — Series B
- China Mobile Capital — Series B
- Huzhou Industrial Investment Development Group Co.,Ltd. — Series B