新宸新材料 manufactures electrolyte lithium salts used in battery electrolytes, with a primary product of LiFSI. The company serves the new-energy electric vehicle market. It recently completed a nearly ¥100M B1 financing round. Proceeds from the round will be used for capacity construction, product R&D, and market expansion. The financing indicates an active growth and scale-up phase focused on production and technology development. No revenue or user metrics were disclosed in the article. Anhui Xincheng Novel Cosmos (Novel Cosmos) was founded in 2021 and is led by legal representative Wang Chiwei. The company’s stated business scope includes manufacturing electronic specialty materials, providing energy-storage technology services, and researching new materials. Recent corporate filings show a change in ownership: Hubei Xiaomi Yangtze Industry Fund LP was added as a shareholder. At the same time the company’s registered capital was increased from RMB 13.4454 million to RMB 15.1261 million, a 12.5% rise. The company currently has no listed official website per the reporting source. Further operational or financial metrics were not disclosed in the article.

Total raised

$14M

Funding rounds

2

Latest round

Series B

Latest activity

Jan 2024