# Zhejiang Hanwei Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zhejiang-hanwei-technology

- Industry: Energy Storage & Batteries
- Headquarters: Shaoxing, China
- Latest round: Series A (Jul 30, 2025)
- Investors on record: 5

## About

Founded in 2021 and based in Zhejiang, China, Zhejiang Hanwei Technology operates as a water-based battery research and development manufacturer that provides energy storage solutions. The core team comes from University College London. It has completed the construction of water-based zinc power production lines. In July 2025, Zhejiang Hanwei Technology closed a Series A+ funding from new investors Haibang Venture, Huafang Capital and HangZhou Capital.

The company provides fixed energy storage solutions for industrial and commercial fields. It focuses on PV-supporting energy storage, enterprise peak-to-valley arbitrage, and new energy vehicle charging and switching scenarios. The water-based zinc ion battery energy storage solution can shorten the payback period, and save the electricity bill each year.

The company generates revenue by doing research, development and sales of its products and other related services.

## Funding rounds

- Series A, Jul 30, 2025 — Haibang Venture, Huafang Capital, HangZhou Capital
- Angel, Jun 8, 2022 — ZhenFund, Lingyi Capital

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Angel
- Lingyi Capital (https://capitalatlas.ai/funds/lingyi-capital) — Angel
- Haibang Venture — Series A
- Huafang Capital (https://capitalatlas.ai/funds/huafang-capital) — Series A
- HangZhou Capital (https://capitalatlas.ai/funds/hangzhou-capital) — Series A