SuShui Technology has completed angel+financing of tens of millions of yuan, led by Yuanhang Capital and followed by Xishan Angel

Recently, Su Shui Energy Technology (Shanghai) Co., Ltd. completed an angel+round financing of tens of millions of yuan, led by Yuanhang Capital and followed by Xishan Angel.

SuShui Energy Technology (Shanghai) Co., Ltd. (hereinafter referred to as "SuShui Technology") was established in 2017 and is an energy technology company dedicated to providing portable and fixed off grid power supply solutions with direct methanol fuel cells (DMFC) as the core. SuShui Technology has mastered the core manufacturing technology of the entire chain from membrane electrodes, stacks to terminal systems, freeing itself from the dependence of the domestic market on imported products.

Direct methanol fuel cell (DMFC) is a type of proton exchange membrane fuel cell (PEMFC), which has broad application prospects in portable applications, off grid power supply, unmanned power supply at sea, vehicle mounted, defense and other fields. Direct methanol fuel cells (DMFC) differ from hydrogen fuel cells that use hydrogen as fuel by directly converting the chemical energy of methanol into electrical energy through electrochemical reactions. Meanwhile, methanol, as a raw material for DMFC, is a liquid with stable chemical properties, high specific energy, low temperature resistance, and convenient storage and transportation compared to hydrogen.

The Su Shui Technology entrepreneurial team has a profound professional background and accumulated theoretical knowledge. The founder of the company graduated from Shanghai Jiao Tong University and studied under top experts in methanol fuel cells in China. The core of the technical team is mainly composed of PhDs from the Chinese Academy of Sciences and Beijing Institute of Technology studying in Japan and Germany, with profound professional expertise and technical accumulation. Since its establishment, Su Shui Technology has placed great emphasis on the organic integration of research and development with the market. With decades of experience in domestic and international projects, the fuel cell research and development team has combined with a team of senior industrial talents to create a founding team with profound technical and market insights.

Zhou Qingzhe, a partner at Yuanhang Capital, believes that SuShui Technology has reached the international advanced level in the DMFC field, achieving a breakthrough in China's DMFC field and promoting the landing of direct methanol fuel cell technology in Chinese application scenarios. SuShui Technology is a leading and unicorn enterprise in the DMFC field, with a startup team that has a deep professional background and accumulated theoretical knowledge. Zhou Qingzhe also stated that Yuanhang Capital is highly concerned about investing in the entire hydrogen energy industry chain, and has already invested in Heidelberg, which has high-temperature proton exchange membrane technology, at the stack and system levels. This investment in SuShui Technology is another manifestation of our layout in the hydrogen energy industry chain.

Su Shui Technology CEO Zhai Fengxia stated that Su Shui Technology adheres to its original mission of being as good as water and looks to the global market. With the company's fully independent intellectual property rights for direct methanol fuel cell power generation technology, it plans to expand its business to major global markets within five years, forming a strong competitive situation with similar products at home and abroad. At the same time, the company will strengthen team diversification, attract outstanding talents from around the world, form a backbone of hundreds of people, and ultimately grow into a technology company respected by the world. The investment of Yuanhang Capital provides a huge driving force for the company to explore global markets, enhance product competitiveness, and attract outstanding talents from around the world.