# Zhonghong Kechuang New Energy Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zhonghong-kechuang-new-energy-technology

- Industry: Energy Storage & Batteries
- Headquarters: Hangzhou, China
- Website: www.megatech-group.com.cn
- Latest round: Angel (Jul 12, 2022)
- Investors on record: 1

## About

Established in 2022 and based in Hangzhou, China, Zhonghong Kechuang New Energy Technology operates as an intelligent energy storage system supplier that provides lithium battery storage systems, energy storage cells and energy IoT. The company is headquartered in Hangzhou and has R&D and testing centers in Shanghai, Beijing and Suzhou. It has power electronics global innovation center in New York and international business operation headquarters in Singapore. The core team comes from Huawei, Vision, Ningde Times and General Electric. In May 2023, Huaneng Renewables Corporation Yunnan Company became the strategic partner of the company. In June 2023, it cooperated with Zhejiang University to establish a joint R&D center for energy storage technology. In January 2023, the company raised over CNY 100 million in pre-series A funding led by new investor State-Owned Capital Operation and Management Centre of Beijing.

The company uses battery and PCS energy storage dual-core technology to provide an energy storage system platform and intelligent energy storage products. Its products are divided into three series, which include large-scale energy storage, commercial and industrial energy storage and energy storage battery cell, such as air-cooled battery modules, MegaPower air-cooled energy storage systems and MegaBlock All In One air-cool. Products can be applied in Generation-side, grid-side, industrial and commercial energy storage, as well as local shared energy storage projects.

The company will mass produce 280Ah lithium iron phosphate energy storage battery in September 2023 and will mass produce 320Ah lithium iron phosphate energy storage batteries in September 2024.

## Funding rounds

- Angel, Jul 12, 2022 — HUA Capital

## Investors

- HUA Capital (https://capitalatlas.ai/funds/hua-capital) — Angel