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Sushui Tech Completes Tens of Million RMB Angel+ Financing Led by Essential Capital and Followed by Xishan Angels
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- Time of issue:2022-09-16 12:13
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(Summary description)
Sushui Tech Completes Tens of Million RMB Angel+ Financing Led by Essential Capital and Followed by Xishan Angels
(Summary description)
- Categories:Company News
- Author:
- Origin:
- Time of issue:2022-09-16 12:13
- Views:
Information
Sushui Energy Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Sushui Tech") has completed an "Angel+" round of financing of tens of millions of RMB, led by Essential Capital and followed by Xishan Angels.
Sushui Tech was founded in 2017, and is an energy technology company dedicated to providing portable and fixed off-grid power supply solutions with direct methanol fuel cell (DMFC) as the core. Sushui Tech has mastered the core manufacturing technology of the whole tech chain from MEA, stack to entire generator system without reliance on imported components.
Direct Methanol Fuel Cell (DMFC) is a kind of Proton Exchange Membrane Fuel Cell (PEMFC), which has wide application prospects in portable applications, off-grid power supply, independent power supply at sea, onboard, defense and other fields. Direct Methanol Fuel Cell (DMFC) differs from hydrogen fuel cell which uses gaseous hydrogen as fuel by directly converting chemical energy of methanol into electrical energy through electrochemical reaction. At the same time, methanol is a chemically stable, high specific energy, low temperature resistant, and convenient for storage and transportation compared to gaseous hydrogen.
The founding team of Sushui Tech has a profound experience and industrial know-how accumulation experience professional background and know-how accumulation. The founder of the company graduated from Shanghai Jiaotong University and studied under the top methanol fuel cell experts in China. The core of the technical team is composed of doctors from Chinese Academy of Sciences and Beijing Polytechnic University who stayed in Japan and Germany, with profound professional attainment and technical accumulation. The combination of the fuel cell R&D team with decades of domestic and overseas project experience and the senior industrialization talent team has created a founding team with deep technical and market insight.
Qingzhe Zhou, a partner of Essential Capital, believes that Suhui Tech has reached the international advanced level in the DMFC field, achieving a breakthrough in the DMFC field in China and promoting the implementation of direct methanol fuel cell technology in Chinese application scenarios. Sushui Tech is a leading company and unicorn in the field of DMFC, and the entrepreneurial team has deep professional background and theoretical knowledge accumulation. Zhou Qingzhe also said that Essential Capital is highly concerned about investing in the whole industry chain of hydrogen energy, and has invested in Hedeliz, which has high temperature proton exchange membrane technology, at the level of electric reactor and system, and this investment in Sushui Tech is another manifestation of our layout of hydrogen energy industry chain.
Zhai Fengxia, CEO of Sushui Tech, said that Sushui Tech adheres to its original mission of being good as water and looks at the global market. With the company's direct methanol fuel cell power generation technology, which has completely independent intellectual property rights, we plan to expand our business to major global markets within five years and form a strong competitive position with similar foreign products. At the same time, the company will strengthen the diversification of its team, absorb the best talents from all over the world, form a company backbone with hundreds of employees, and eventually grow into a technology company that is respected worldwide. This investment by Essential Capital provides a great source of motivation for the company to develop global markets, enhance product competitiveness and attract global outstanding talents.
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