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- Kuntian New Energy
Kuntian New Energy Funding, Investors & Competitors
Kuntian New Energy has raised $486M across 3 funding rounds, most recently a $295M undisclosed-stage round in January 2023.
Last Kuntian New Energy funding round
$295M
Undisclosed stage · Jan 2023
Cumulative funding Kuntian New Energy raised
$486M
across 3 funding rounds
Key investors in Kuntian New Energy
CICC
CBC Capital
Hana Financial Group
Everest Venture Capital
GF Qianhe Investment
Fosun Capital
Xiamen C&D Corporation
Youshan Capital
Kuntian New Energy Overview
About Kuntian New Energy
Kuntian New Energy is a Hebei-based producer of anode materials for lithium-ion batteries, including artificial graphite and silicon-carbon composites used in electric vehicles and energy storage systems. Located in the province's new energy industrial park, the company supplies major battery manufacturers with high-capacity materials meeting automotive grade standards.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
Kuntian New Energy Funding History
Kuntian New Energy has raised a total of $486M across 3 funding rounds.
Kuntian New Energy's first fundraising round was a $53M Series B in March 2022. The most recent completed round was a $295M undisclosed-stage round in January 2023.
Kuntian New Energy funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2023 | Undisclosed stage | CBC Capital; Xiamen C&D Corporation; Everest Venture Capital; Hana Financial Group | $295M | Hebei Kuntian New Energy Co., Ltd. develops lithium-ion battery anode materials, specializing in synthetic graphite using self-developed box furnace technology for graphitization, which reduces energy consumption compared to traditional methods. Founded in 2000, it was among the first in China to apply this technology in 2012 and pursues an integrated strategy with raw materials procurement and packaging in one industrial park, operating multiple graphite production lines and hundreds of graphitizing furnaces. On January 20, 2023, Kuntian raised approximately $295 million (about CNY 2 billion based on exchange rates) in a strategic funding round. Investors included CBC Capital, Xiamen C&D Inc., KEB Hana Bank (investment arm of Hana Financial Group), Everest Venture Capital (possibly aligned), along with SK Telecom, Haifeng Investment, and returning investors Sinopec Capital, Fosun Capital, and Sany Group. The funds are designated for capacity expansion, particularly over 200,000 tons of lithium-ion battery cathode materials' integrated manufacturing in Yunnan Province, alongside R&D, production, and sales of synthetic graphite products. Kuntian aims to enhance R&D and industrial layout for energy conservation and emission reduction, supporting China's new energy vehicle sector. A prior round raised over CNY 1 billion (USD 136.7 million) led by Sinopec Capital, SK China, and CICC Capital, with Fosun Capital, Sany Group, and others, also for capacity expansion. |
| Oct 2022 | Undisclosed stage | Sany Group (lead); Sinopec Capital (lead); SK China (lead); Youshan Capital; CICC; GF Qianhe Investment; Fosun Capital | $139M | Hebei Kuntian New Energy Co., Ltd. (Kuntian New Energy) specializes in the R&D, production, and sales of lithium-ion battery anode materials, particularly synthetic graphite, using self-developed box furnace technology for graphitization. Founded in 2000, it was the first domestic company to apply this energy-efficient technology in 2012, reducing energy consumption and boosting capacity utilization compared to traditional methods. Kuntian also pioneered an integration strategy, handling raw materials procurement to final packaging within one industrial park, and operates multiple graphite production lines with hundreds of graphitizing furnaces. In late October 2022, Kuntian raised over CNY 1 billion (approximately USD 136.7 million) in a strategic funding round jointly led by Sinopec Capital, SK China, and CICC Capital, with participation from Fosun Capital, Sany Group, and GF Qianhe Investment (Guangfa Qianhe). The funds are designated for R&D, production, sales of synthetic graphite products, and capacity expansion to over 200,000 tons of lithium-ion battery cathode materials' integrated manufacturing in Yunnan Province. This aligns with the company's focus on enhancing R&D, industrial layout, technology optimization, energy conservation, and emission reduction to support China's new energy vehicle (NEV) industry. A follow-on round occurred on January 20, 2023, raising USD 295 million from investors including SK Telecom, CBC Capital, Xiamen C&D Inc., Haifeng Investment, KEB Hana Bank Investment Arm, and returning participants Sinopec Capital, Fosun Capital, and Sany Group. Kuntian aims to maintain China's global NEV leadership through its advancements in anode materials. |
| Mar 2022 | Series B | Jinggangshan Fengyun; Wanxiang 123; Yiwei Power | $53M | Hebei Kuntian New Energy Co., Ltd. is a funded company that has raised a total of $50.53 million across 2 funding rounds. It completed its Series B financing in March 2022 with industry and fund investors. The company operates in the new energy sector. |
Who has invested in Kuntian New Energy?
14 investors have backed Kuntian New Energy across its funding rounds, including CICC, CBC Capital, Hana Financial Group, Everest Venture Capital, GF Qianhe Investment and Fosun Capital.
Lead investors include Sany Group, Sinopec Capital and SK China.
Kuntian New Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Lead | Oct 2022 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Oct 2022 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Oct 2022 | ||
| 1 | Lead | Oct 2022 | ||
| 1 | Lead | Oct 2022 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 14 Kuntian New Energy investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialKuntian New Energy Competitors
Kuntian New Energy competitors include listed companies like Tesla, CATL, LG Energy Solution and Vistra, and private ones like SK on and Base Power.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $95B | $10B | $1.4T | 13.8x | ||
| Publicly listed | $63B | $16B | $214B | 2.1x | ||
| Publicly listed | $17B | $3.4B | $62B | 3.9x | ||
| Publicly listed | $18B | $5B | $48B | 3.3x | ||
| Private | - | - | $17B | - | ||
| Private | - | - | $13B | - |
Kuntian New Energy Public Comps
Kuntian New Energy is still privately-owned, but its public comps include Tesla, CATL, LG Energy Solution, Vistra, LG Chem, Enlight Renewable Energy, Ecopro, Canmax Technologies, EnerSys and Royal Vopak.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $63B | $16B | 2.8x | 2.1x | 11.0x | 9.2x | |||
| $17B | $3.4B | 4.8x | 3.9x | 24.1x | 22.2x | |||
| $18B | $5B | 4.0x | 3.3x | 13.9x | 10.2x | |||
| $33B | $3.2B | 1.3x | 1.2x | 13.9x | 8.7x | |||
| $582M | $461M | 27.5x | - | 34.7x | - | |||
| $2.5B | $60M | 5.0x | - | 208.8x | - | |||
| $1.1B | $162M | 6.6x | 3.4x | 46.0x | 9.9x | |||
This data is available for Pro users. Sign up to see all Kuntian New Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kuntian New Energy
| When was Kuntian New Energy founded? | Kuntian New Energy was founded in 2018. |
| Where is Kuntian New Energy headquartered? | Kuntian New Energy is headquartered in Shijiazhuang, China. |
| Is Kuntian New Energy publicly listed? | No, Kuntian New Energy is a private, VC-backed company. |
| How much funding has Kuntian New Energy raised? | Kuntian New Energy has raised $486M across 3 funding rounds. |
| What was Kuntian New Energy's last funding round? | Kuntian New Energy's last funding round was a $295M undisclosed-stage round in January 2023. |
| Who are Kuntian New Energy's investors? | Kuntian New Energy's investors include Jinggangshan Fengyun, CBC Capital, Sinopec Capital, Xiamen C&D Corporation, Youshan Capital, Everest Venture Capital, CICC, Sany Group, SK China, Hana Financial Group and 4 others. |
| Which companies are comparable to Kuntian New Energy? | Companies comparable to Kuntian New Energy include Tesla, CATL, LG Energy Solution, Vistra, SK on and Base Power. |
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