# Wanrun New Energy

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

- Industry: Materials
- Headquarters: Shiyan, China
- Website: www.hbwanrun.com
- Total disclosed funding: $6.3M
- Latest round: Series B (Jun 1, 2012)
- Investors on record: 2

## About

Based in Shiyan, China and established in 2010, Hubei Wanrun New Energy Technology Development Co., Ltd, dba Wanrun New Energy focuses on researching, development and producing new energy materials. The company has partnerships with Contemporary Amperex Technology Co., Limited, BYD, China Aviation Lithium Electricity Technology Co., Ltd. and Ganfeng Lithium Co., Ltd.
The company's main business is the lithium-ion battery materials and equipment research, development, production, sales, and LED lighting system research, development, production, sales. Their self-developed products include ithium iron phosphate and iron phosphate.
The company’s revenue is generated primarily from the sale of cathode materials (LFP, iron phosphate, precursors) to battery manufacturers and new-energy system integrators. Additional revenue is derived from long-term supply contracts with major EV and energy-storage players such as CATL and BYD.

## Funding rounds

- Series B, Jun 1, 2012 — China Financial Innovation Investment
- Series A, Jan 1, 2012, $6.3M — Hubei High Technology

## Investors

- Hubei High Technology (https://capitalatlas.ai/funds/hubei-high-technology) — Series A
- China Financial Innovation Investment (https://capitalatlas.ai/funds/china-financial-innovation-investment) — Series B