In a major milestone for the sodium battery industry, Lepu Sodium-ion Battery (Shanghai) Technology Co., Ltd. has successfully completed its A+ funding round, raising an impressive 14 Million US Dollars.
The round was led by Chenguang Industrial Development Management Co., marking a significant vote of confidence in Lepu's innovative sodium-ion battery technology. This follows a series of successful funding efforts:
· March 2023: Completed an angel round of tens of millions.
· March 2023: Received Angel+ investment from Zheshang Venture Capital.
· May 2023: Pre-A round completed with backing from Keyuan Industrial Fund, Youfu Venture Capital, and Hezhong Capital.
· June 2023: A round funding saw the first investment from Jinan Fund.
· June 2024: A+ round successfully led by Chenguang Industrial Development.
As global demand for sustainable energy solutions surges, sodium-ion batteries, a next-generation energy storage technology, are emerging as a key player. Lepu Sodium-ion Battery is at the forefront of this movement, offering critical materials and integrated energy storage solutions. Their focus is on the research, development, and commercialization of high-performance, cost-effective sodium-ion battery materials, energy storage devices, and systems.
Leveraging its research in biomass-derived hard carbon, Lepu has developed a porous carbon framework with exceptional stability. Their laboratory is now advancing both gas-phase and liquid-phase methods for developing new silicon-carbon composite materials, with promising early results.
In the solid-state battery field, Lepu is exploring high-safety, high-energy-density solutions through a dual approach, simultaneously pursuing solid-state lithium and sodium batteries.
The successful A+ round solidifies Lepu’s leadership in the sodium battery market. The company plans to continue expanding its collaborations across the supply chain, pushing for further innovation and application of sodium battery technology. With this new capital, Lepu aims to scale its global solar-plus-storage business, driving forward the green energy transition worldwide.
