Hangzhou Xingkeyuan New Materials Technology Completes Financing of Over 50 Million

Recently, Hangzhou Xingkeyuan New Materials Technology Co., Ltd. (hereinafter referred to as "Xingkeyuan") successfully completed the seed round and angel round financing, with a cumulative financing amount of more than 50 million. This round of financing was jointly invested by Sequoia China Seed Fund, Xiangfeng Changqing, Linge Venture Capital, Shuimu Tsinghua Alumni Fund, Yundao Capital and industry angel investors. Yundao Capital serves as a long-term exclusive financial advisor. The funds raised will be mainly used for R&D investment, production line construction and market expansion. Xingkeyuan was established in January 2022 and focuses on the research and development and production of high-performance lithium battery silicon-carbon negative electrode materials. At present, the company has achieved small-scale mass production of nano-silicon and experimental preparation of high-efficiency silicon-carbon composite materials. In addition, the company has reached preliminary cooperation with a number of leading customers and has the ability to supply nano-silicon in small batches to its peers.