# Wofu

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

- Industry: Industrial Machinery
- Headquarters: Shanghai, China
- Website: www.wolfelc.com
- Latest round: Series B (Feb 3, 2023)
- Investors on record: 3

## About

Based in Anhui, China, and founded in 2010, Wofu is an energy technology service provider integrating scientific research, design, production, and sales of permanent magnet drive products, with subsidiaries and offices in more than thirty cities in China, such as Beijing, Shanghai, Nanjing, Ningbo, etc. The annual sales volume of permanent magnet series products reached more than 300 sets in 2014.  In 2015, the new factory, R&D center, and testing center in Shanghai were put into operation.

The company's products can be categorized into permanent magnet speed regulators, permanent magnet coupling, and permanent magnet synchronous motors, which are widely used in the energy-saving technology of high-power motors in many fields such as electric power, metallurgy, chemical industry, cement, coal, iron and steel, and military industry.

## Funding rounds

- Series B, Feb 3, 2023 — Hefei High-tech Venture Capital, Shanghai Nuotie Asset Management, Hangyuan Fund

## Investors

- Hefei High-tech Venture Capital (https://capitalatlas.ai/funds/hefei-high-tech-venture-capital) — Series B
- Shanghai Nuotie Asset Management (https://capitalatlas.ai/funds/shanghai-nuotie-asset-management) — Series B
- Hangyuan Fund (https://capitalatlas.ai/funds/hangyuan-fund) — Series B