EqualOcean has learned that on May 9th, Carmery New Materials (国科炭美) successfully secured a CNY 100 million angel round financing.
Coal, logistics, supply chain
This round of financing was led by Leaguer Capital(力合资本), with other participating institutions including ICY Capital(申能诚毅), Orient Renaissance Capital(东方嘉富), Chaowei Power Holdings(超威集团), Hongyu Capital(泓宇资本), Cuiying Investment(萃英创投), Kwok Wa Investment(国华投资), Changxing Financial Holding(长兴金控), Chengdu Hurong Venture Capital(沪蓉创投), and Leyun Capital(乐赟资本), among others. Lighthouse Capital(光源资本) acted as the financial advisor for this round of financing.
This marks the completion of Carmery New Materials' third round of financing following its seed round and angel round. In less than two years, leveraging its comprehensive advantages such as various raw material system technologies and material application system solutions, Carmery New Materials has gained support from both new and existing shareholders, demonstrating the market's high recognition and expectations for the company.
Established in 2012, Carmery New Materials is headquartered in Huzhou, Zhejiang Province. It is an innovative company dedicated to carbon-based energy storage material solutions, integrating research and development, production, and sales. The company serves applications such as energy storage, electric vehicles, industrial vehicles, motorcycles, and base stations, focusing on the negative electrode materials of lithium-ion batteries and sodium-ion batteries, providing high-capacity, high-rate, long-life, and low-cost hard carbon materials.
Carmery New Materials is a result-transforming enterprise of the Institute of Coal Chemistry, Chinese Academy of Sciences(中科院山西煤化所). Its core team consists of a systematic "scientist + engineer" combination, with technical backbone members who have many years of experience in the fields of carbon materials and electrochemistry, solid basic research, and extensive experience in engineering. The company has a complete research base, material pilot development, device assembly, and performance evaluation platform, providing customized material application solutions for customers. Carmery New Materials officially launched the construction of a 1000-ton lithium/sodium battery negative electrode material industrial demonstration line in August 2023, and completed construction in January 2024, currently in the production debugging phase. Meanwhile, the company's research and development center is about to be completed, becoming a leading platform in the industry for material development and performance evaluation.
EqualOcean has learned that Carmery New Materials' products are of excellent quality, and its operational management is flexible. In terms of products, Carmery New Materials' hard carbon products have been sampled to 30 downstream users for evaluation and verification. Among them, feedback from users of asphalt-based products shows that their capacity, initial efficiency, rate performance, and high and low-temperature performance are comparable to imported products, and the cycling performance has surpassed imported products, reaching a leading level domestically. Coal-based products have also received widespread attention from downstream users due to their high cost-performance ratio.
In terms of operational management, Carmery New Materials is continuously establishing sound internal management systems, promoting the construction of quality management systems, actively recruiting outstanding talents, standardizing human resource management systems, and striving to create "standardized operations" and "high-performance teams" to provide strong guarantees for the company's rapid development.
It is reported that the proceeds from this angel round financing will primarily be used to promote the development of Carmery New Materials' thousand-ton hard carbon production line and strengthen the construction of material research and testing platforms.