- Companies
- Jiangsu Jinsheng New Energy
Jiangsu Jinsheng New Energy Revenue, Valuation, Funding & Investors
Jiangsu Jinsheng New Energy is valued at $1.7B as of October 2025, a 4.2x multiple on its last reported $419M revenue.
Last Jiangsu Jinsheng New Energy valuation
$1.7B
Series A · Oct 2025
Last Jiangsu Jinsheng New Energy funding round
$10M
Series A · Oct 2025
Jiangsu Jinsheng New Energy revenue
$419M
Series A · Oct 2025
Key investors in Jiangsu Jinsheng New Energy
Zhonglian International Investment
Jiangsu Jinsheng New Energy Overview
About Jiangsu Jinsheng New Energy
Jiangsu Jinsheng New Energy is a Wuxi-based high-tech company focused on research, development, production, and sales of lithium-ion battery materials and components. The firm manufactures cathode materials, anode materials, and electrolyte solutions for electric vehicles, grid energy storage, and consumer electronics. Established in 2012, it operates production facilities spanning 50,000 square meters with annual capacity over 10,000 tons of battery-grade materials. Jiangsu Jinsheng supplies major EV makers in China and holds more than 50 patents in solid-state and high-energy-density battery technologies.
Founded
2023
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$419M (Oct 2025)
Valuation
$1.7B (Oct 2025)
Sectors
Jiangsu Jinsheng New Energy Valuation
Jiangsu Jinsheng New Energy is currently valued at $1.7B, based on its Series A in October 2025.
The $10M round was led by Zhonglian International Investment.
Jiangsu Jinsheng New Energy valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2025 | Series A | $1.7B | 4.2x |
Jiangsu Jinsheng New Energy Revenue
Jiangsu Jinsheng New Energy's latest recorded revenue is $419M, as of its Series A in October 2025. At a $1.7B valuation, that implies a 4.2x revenue multiple.
Jiangsu Jinsheng New Energy revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2025 | $419M | $1.7B | 4.2x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Jiangsu Jinsheng New Energy Funding History
Jiangsu Jinsheng New Energy has raised a total of $10M across 1 funding round.
Jiangsu Jinsheng New Energy funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2025 | Series A | Zhonglian International Investment (lead) | $10M | $1.7B | Jiangsu Jinsheng New Energy specializes in lithium battery recycling and regeneration, ranking as the second-largest global company by 2023 regeneration sales revenue and the largest third-party provider. The company was recognized on the 2024 Global Unicorn List by Hurun with a valuation of 12 billion CNY. It holds 'double white list' status from China's Ministry of Industry and Information Technology for lithium battery recycling and cascading utilization from 2021 to 2023. Financial performance showed revenue of 1.133 billion CNY in 2021, 2.905 billion CNY in 2022, 2.892 billion CNY in 2023, and 995 million CNY in the first half of 2024. Net income was 69 million CNY in 2021, 151 million CNY in 2022, a loss of 473 million CNY in 2023, and a loss of 147 million CNY in H1 2024, attributed to declining product prices. The company operates in a competitive emerging market driven by growing retired lithium battery supply, reaching 0.3661 million tons in China in 2023 and projected to hit 3.4 million tons by 2030 at a 37.5% CAGR. Jinsheng New Energy is pursuing a Hong Kong IPO and has a diverse shareholder base including China International Capital Corporation, Fosun International, and various funds and state-owned entities. |
Who has invested in Jiangsu Jinsheng New Energy?
1 investor has backed Jiangsu Jinsheng New Energy across its funding rounds, including Zhonglian International Investment.
Lead investors include Zhonglian International Investment.
Jiangsu Jinsheng New Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Jiangsu Jinsheng New Energy investors. Start Free Trial | ||||
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Start Free TrialJiangsu Jinsheng New Energy Competitors
Jiangsu Jinsheng New Energy competitors include listed companies like Ola Electric and ADI Global Distribution, and private ones like NW Storm, Qinghai Lihao, YinLong Group and Copper.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.7B | - | ||
| Publicly listed | $215M | ($97M) | $1.7B | 7.9x | ||
| Publicly listed | $4.8B | ($54M) | $1.6B | - | ||
| Private | - | - | $1.6B | - | ||
| Private | - | - | $1.9B | - | ||
| Private | - | - | $2B | - |
Jiangsu Jinsheng New Energy Public Comps
Jiangsu Jinsheng New Energy is still privately-owned, but its public comps include Ola Electric, ADI Global Distribution, Eos Energy Enterprises, FuelCell Energy, Amprius, GoodWe Technologies, Camel Group Co, SMA Solar Technology, T1 Energy and Rockpoint Gas Storage.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $215M | ($97M) | 8.8x | 7.9x | (19.5x) | (21.4x) | |||
| $4.8B | ($54M) | 0.6x | - | (50.7x) | - | |||
| $114M | ($930M) | 21.8x | 9.9x | (2.7x) | (9.5x) | |||
| $158M | ($149M) | 6.3x | 6.7x | (6.7x) | (12.0x) | |||
| $72M | ($41M) | 18.4x | 10.9x | (32.1x) | 854.4x | |||
| $1.3B | $47M | 1.6x | 1.2x | 44.7x | 13.2x | |||
| $2.4B | $220M | 0.5x | 0.5x | 5.6x | 6.1x | |||
| $1.7B | ($77M) | 1.2x | 1.1x | (26.4x) | 14.3x | |||
This data is available for Pro users. Sign up to see all Jiangsu Jinsheng New Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Jiangsu Jinsheng New Energy
| When was Jiangsu Jinsheng New Energy founded? | Jiangsu Jinsheng New Energy was founded in 2023. |
| Where is Jiangsu Jinsheng New Energy headquartered? | Jiangsu Jinsheng New Energy is headquartered in Suzhou, China. |
| Is Jiangsu Jinsheng New Energy publicly listed? | No, Jiangsu Jinsheng New Energy is a private, VC-backed company. |
| What is Jiangsu Jinsheng New Energy's valuation? | Jiangsu Jinsheng New Energy was last valued at $1.7B in its Series A in October 2025. |
| How much funding has Jiangsu Jinsheng New Energy raised? | Jiangsu Jinsheng New Energy has raised $10M across 1 funding round. |
| What was Jiangsu Jinsheng New Energy's last funding round? | Jiangsu Jinsheng New Energy's last funding round was a $10M Series A in October 2025, led by Zhonglian International Investment. |
| Who are Jiangsu Jinsheng New Energy's investors? | Jiangsu Jinsheng New Energy's investors include Zhonglian International Investment. |
| What is Jiangsu Jinsheng New Energy's revenue? | Jiangsu Jinsheng New Energy's latest recorded revenue is $419M (October 2025). |
| What is Jiangsu Jinsheng New Energy's revenue multiple? | Jiangsu Jinsheng New Energy's latest valuation implies a 4.2x revenue multiple ($1.7B valuation on $419M of revenue). |
| Which companies are comparable to Jiangsu Jinsheng New Energy? | Companies comparable to Jiangsu Jinsheng New Energy include NW Storm, Ola Electric, ADI Global Distribution, Qinghai Lihao, YinLong Group and Copper. |
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