When was Xingchen New Energy founded?

Xingchen New Energy was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is Xingchen New Energy located?

Xingchen New Energy is headquartered in Xicheng, China.

Is Xingchen New Energy a funded company?

Xingchen New Energy is a funded company, having raised a total of $116M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 25, 2023.

When was the latest funding round of Xingchen New Energy?

Xingchen New Energy's latest funding was a $***** Series B round on Jul 08, 2026, with participation from 5 investors.

Where does Xingchen New Energy rank among its competitors?

Xingchen New Energy ranks 1st amongst 17 active competitors, of which 7 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Xingchen New Energy, which secured $73.6M in Jul, 2026.

Who are the top competitors of Xingchen New Energy?

Xingchen New Energy's top competitors include Primus Power, Allegro Energy and VisBlue. Among them, Xingchen New Energy secured the most recent funding round in July, 2026.

Xingchen New Energy - 2026 Company Profile, Funding & Competitors

Xingchen New Energy is a series B company based in Xicheng (China), founded in 2021. It operates as a Provider of energy storage solutions. Xingchen New Energy has raised $116M in funding from investors like Chinese Academy of Sciences, China Minmetals Corp and State Power Investment Group. The company has 17 active competitors, including 7 that are funded. Its top competitors include companies like Primus Power, Allegro Energy and VisBlue.

Company Details

Provider of energy storage solutions. It provides a redox flow battery energy storage system. It provides large-scale liquid flow energy storage system solutions.

Key Metrics

Founded Year

2021

Location

Xicheng, China

Stage

Series B

Total Funding

$116M in 4 rounds

Latest Funding Round

Series B, Jul 08, 2026, $*****

Investors

Chinese Academy of Sciences & 11 more

Ranked

1^st among 17 active competitors

Similar Companies

Primus Power & 16 more

View Xingchen New Energy's full profile

Xingchen New Energy has raised a total funding of $116M over 4 rounds. Its first funding round was on Jun 25, 2023. Its latest funding round was a Series B round on Jul 08, 2026 for $*****. 5 investors participated in its latest round. Xingchen New Energy has 12 institutional investors.

Here is the list of recent funding rounds of Xingchen New Energy:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 08, 2026	1571910	Series B	2116581	4252119	6452606	5647231
Nov 04, 2025	6519354	Series A	4583042	1550366	1158553	Longcapital & 3 more
Dec 20, 2023	3701366	Seed	1237696	5577487	State Power Investment Group & 3 more	1143306

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Top competitors of Xingchen New Energy include Primus Power, Allegro Energy and VisBlue. Here is the list of Top 10 competitors of Xingchen New Energy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Xingchen New Energy 2021, Xicheng (China), Series B	Provider of energy storage solutions	$116M	CITIC, IcbcAmg & 10 others	54/100
2nd	Primus Power 2009, Hayward (United States), Series D	Provider of zinc bromide flow battery storage	$92M	Anglo American, I2BF Global Ventures & 12 others	49/100
3rd	Allegro Energy 2021, Newcastle (Australia), Series A	Manufacturer of long-duration energy storage solutions using microemulsion flow battery technology	$16.1M	Grantham Foundation, 10 Bolivianos & 13 others	43/100
4th	VisBlue 2014, Aarhus (Denmark), Seed	Manufacturer of vanadium-based flow batteries for renewable energy storage solutions	$3.27M	Vaekstfonden, Borean Innovation & 4 others	40/100
5th	VSUN Energy 2016, Perth (Australia), Unfunded	Provider of vanadium flow batteries for renewable energy storage solutions	-	-	29/100
6th	HalioGEN Power 2023, Manchester (United Kingdom), Series A	Provider of membraneless redox flow batteries	$3.26M	The University of Manchester	27/100
7th	Gas to Charger 2023, Barcelona (Spain), Unfunded	Provider of gas microturbine electricity generation and vanadium flow battery charging	-	-	25/100
8th	AREDOX 2019, Lyon (France), Unfunded	Technology solutions provider for energy storage	-	-	24/100
9th	Tianfu Energy Storage 2022, Chengdu (China), Seed	Provider of vanadium redox flow battery	-	Oriental Fortune Capital	22/100
10th	Proxhima 2013, Rome (Italy), Unfunded	Manufacturer of vanadium redox flow energy storage systems	-	-	22/100