# Whcrit

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

- Industry: Hardware
- Headquarters: Wuhu, China
- Website: www.whcrit.com
- Total disclosed funding: $9.2M
- Latest round: Series A (Mar 26, 2021)
- Investors on record: 1

## About

Whcrit is a China-based company specializing in lithium battery energy solutions, focusing on innovation and efficiency in energy storage technologies for various applications.Whcrit, founded in 2016, is located in Wuhu, China, and engages in the development of lithium battery energy solutions. The company has successfully completed one funding round, raising RMB 60 million in Series A funding from Yongwan Capital on March 26, 2021. This capital supports their strategic initiatives in the energy sector.Whcrit specializes in the design and manufacture of lithium batteries, providing energy storage solutions that enhance operational efficiency in sectors such as renewable energy, electric vehicles, and consumer electronics. Their products focus on high-performance batteries that cater to both industrial and consumer markets, addressing energy efficiency and sustainability needs.Whcrit generates revenue through direct sales of their lithium battery solutions to business clients, often structured around customized contracts ensuring service level agreements. Their pricing model includes one-time payments for battery systems and recurring fees for service and maintenance, reflecting the advanced technology offered to their diverse clientele.Whcrit plans to expand its product line by developing next-generation lithium batteries aimed at improving energy density and reducing costs, with launches scheduled for late 2023. The company is also targeting international markets, specifically aiming to enter Europe and North America by 2025. The recent Series A funding of RMB 60 million will be utilized to bolster research and development as well as support marketing efforts for these new products.

## Funding rounds

- Series A, Mar 26, 2021, $9.2M — Yongwan Capital

## Investors

- Yongwan Capital — Series A