New Energy Start-up Firm Lanjing Completed the Pre-A Round of Financing

Lanjing New Energy Co., Ltd (Chinese: 蓝京新能源), a Chinese new energy start-up firm based in Jiaxing, announced its completion of the Pre-A round of financing, which was led by Sinowisdom (Chinese: 华睿投资). Other participants include Crystal Stream (Chinese: 清流资本) and old equity holders continue to follow the investment. No specific amount of financing was disclosed.

After the completion of this round of financing, the company will promote the investment in R&D, improve the development of the production line, consolidate the company's R&D talent, and further accelerate the technology development and product engineering verification process of Lanjing New Energy 4680 large cylindrical battery.

Founded in 2021 and based in Jiaxing, Lanjing New Energy is a high-tech enterprise with a new energy battery as the core product. It engages in R&D of emerging energy and material technologies, technical services, technology development and consultation.

According to Lanjing, the initial marketing position of the company is mainly in the automotive field. With more than ten years' experience in the passenger car market and market resource, Lanjing New Energy will build the core competitiveness of its products, including safety, high energy density, fast charging capability, cost, etc.

It will prioritize the promotion of top car enterprises and their customers with common capital, then gradually stimulate the global new energy vehicle market to continuously expand the related business of automotive power batteries.

From the medium and long-term perspective, Lanjing will gradually promote the domestic market of small and medium-sized energy storage and make good reserves for technology development.