# Weishi Energy Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/weishi-energy-technology-co

- Industry: Energy Storage & Batteries
- Headquarters: Baoding, China
- Website: www.ftxt-e.com
- Total disclosed funding: $220M
- Latest round: Series C (May 15, 2025)
- Investors on record: 6

## About

Based in Baoding, China, and established in 2019, FTXT is a new energy company that focuses on the R&D, production, and sales of hydrogen fuel cell systems, with five R&D centers in Shanghai, Baoding, Canada, Japan, and Germany. As of 2022, it has more than 1,000 employees. In April 2020, the first fuel cell prototype was shown. The company provides vehicle-level fuel cell power systems and components, including fuel cell engines, stacks, 35MPa/70MPa on-board hydrogen storage systems, on-tank valves, and pressure regulators. It also provides industry solutions for land transportation, marine shipping, municipal services, and energy storage. The company generates revenue by selling fuel cell systems, hydrogen storage equipment and integrated hydrogen energy solutions to commercial transportation and energy sectors.

## Funding rounds

- Series C, May 15, 2025 — Shandong High-tech Investment Corporation, Gansu Ketou Innovation Venture Capital Fund Management
- Series B, Nov 30, 2022, $79M — CS Capital, CNBM Investment, Liben Energy
- Series A, Dec 14, 2021, $141M — PICC Capital Equity Investment, CS Capital

## Investors

- PICC Capital Equity Investment (https://capitalatlas.ai/funds/picc-capital-equity-investment) — Series A
- CS Capital — Series A, Series B
- CNBM Investment — Series B
- Liben Energy — Series B
- Shandong High-tech Investment Corporation (https://capitalatlas.ai/funds/shandong-high-tech-investment-corporation) — Series C
- Gansu Ketou Innovation Venture Capital Fund Management (https://capitalatlas.ai/funds/gansu-ketou-innovation-venture-capital-fund-management) — Series C