- Companies
- Weishi Energy
Weishi Energy Valuation, Funding & Investors
Weishi Energy is valued at $580M as of December 2021.
Last Weishi Energy valuation
$580M
Series A · Dec 2021
Last Weishi Energy funding round
Strategic investment
Amount undisclosed · Jul 2026
Cumulative funding Weishi Energy raised
$219M
across 3 funding rounds
Key investors in Weishi Energy
SDIC Venture Capital
China Investment Corporation
PICC Capital Investment Management
Jianxin Capital
China National Building Material
Great Wall Motors
About Weishi Energy
Weishi Energy is a hydrogen fuel cell technology provider with R&D centers in Shanghai, Baoding, Japan, Germany, and Canada. It manufactures fuel cell engines, stacks, 35MPa and 70MPa hydrogen storage systems, bottle valves, and pressure regulators for vehicles and stationary power. The company follows V-model development for automotive-grade systems, targeting buses and trucks. Deployed in pilots with Shanghai Hydrogen Propulsion, it supports China's hydrogen infrastructure since 2018.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$580M (Dec 2021)
Weishi Energy Valuation
Weishi Energy is currently valued at $580M, based on its Series A in December 2021.
The $141M round was led by China Investment Corporation, PICC Capital Investment Management and SDIC Venture Capital, with participation from Beijing Zhihe Kangdao Shengwu Keji, Jianxin Capital, Xunqi Technology and Dezaihou Capital.
Weishi Energy valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series A | $580M |
Weishi Energy Funding History
Weishi Energy has raised a total of $219M across 3 funding rounds.
Weishi Energy's first fundraising round was a $141M Series A in December 2021. The most recent completed round was a strategic investment round in July 2026.
Weishi Energy funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Strategic investment | Great Wall Motors (lead) | - | - | - |
| Nov 2022 | Series B | China National Building Material (lead); Liben Energy; SDIC Venture Capital | $77M | - | - |
| Dec 2021 | Series A | China Investment Corporation (lead); PICC Capital Investment Management (lead); SDIC Venture Capital (lead); Beijing Zhihe Kangdao Shengwu Keji; Jianxin Capital; Xunqi Technology; Dezaihou Capital | $141M | $580M | Weishi Energy is engaged in the development, production, and sales of fuel cell and hydrogen storage systems and components, focusing on sustainable energy solutions including hydrogen fuel cell products. The company, headquartered in Hebei Tianjin Shi, China, operates in the hard tech, climate tech, and hydrogen sectors. Enterprise valuation reached AUD956m as public information from Nov 2022, indicating post-round growth. Competitive context includes positioning in new energy vehicle supply chains and hydrogen technologies. |
Who has invested in Weishi Energy?
10 investors have backed Weishi Energy across its funding rounds, including SDIC Venture Capital, China Investment Corporation, PICC Capital Investment Management, Jianxin Capital, China National Building Material and Great Wall Motors.
Lead investors include Great Wall Motors, China National Building Material, China Investment Corporation, PICC Capital Investment Management and SDIC Venture Capital.
Weishi Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Dec 2021 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Lead | Jul 2026 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Nov 2022 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| -- | 1 | Participant | Dec 2021 | |
This data is available for Pro users. Sign up to see all 10 Weishi 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 TrialInvestments by Weishi Energy
Weishi Energy has invested in 1 company to date.
Latest investment by Weishi Energy was on January 30th 2023. Weishi Energy invested in Suzhou Kerun New Materials in their $35M Series C round.
Latest Investments by Weishi Energy
| Description | Suzhou Kerun New Materials is a Suzhou-headquartered enterprise specializing in research, development, and production of perfluorinated ion exchange membranes. These materials support proton exchange membrane fuel cells, vanadium redox flow batteries, and electrolytic hydrogen production systems for clean energy applications. |
| HQ Country | |
| HQ City | Suzhou |
| Deal Date | 30 Jan 2023 |
| Round | Series C |
| Raised | $35M |
| Investors | BAIC Capital; General Technology Venture Capital; Bridge Capital China; Guangzhou Yingding Equity Investment Fund Management; HSG; Rongtuo Capital Management |
| Valuation | $435M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Weishi Energy investments and their VC round multiples. Start Free Trial | |
Weishi Energy Competitors
Weishi Energy competitors include listed companies like West Holdings, SP New Energy and CK Power PCL, and private ones like MSolar, Mainspring Energy and Antora Energy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $304M | $74M | $571M | 2.7x | ||
| Private | - | - | $801M | - | ||
| Publicly listed | $25M | ($46M) | $958M | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $303M | $198M | $581M | 5.3x | ||
| Private | - | - | $574M | - |
Weishi Energy Public Comps
Weishi Energy is still privately-owned, but its public comps include CK Power PCL, West Holdings, Audax Renovables, W&T Offshore, JinkoSolar, Raizen, Schoeller-Bleckmann, ERock, Zephyrus Wing Energies and PetroRecôncavo.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $303M | $198M | 5.4x | 5.3x | 8.3x | 13.0x | |||
| $304M | $74M | 3.1x | 2.7x | 12.6x | 10.3x | |||
| $2.2B | $107M | 0.4x | 0.4x | 8.5x | 7.2x | |||
| $501M | $54M | 1.6x | 1.4x | 14.8x | 4.8x | |||
| $9.8B | ($44M) | 0.6x | 0.6x | (139.6x) | 25.8x | |||
| $44B | ($1.4B) | 0.3x | 0.3x | (8.7x) | 9.7x | |||
| $524M | $82M | 1.3x | 1.3x | 8.3x | 9.0x | |||
| $183M | ($50M) | 1.3x | - | (4.6x) | - | |||
This data is available for Pro users. Sign up to see all Weishi Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Weishi Energy
| When was Weishi Energy founded? | Weishi Energy was founded in 2019. |
| Where is Weishi Energy headquartered? | Weishi Energy is headquartered in Baoding, China. |
| Is Weishi Energy publicly listed? | No, Weishi Energy is a private, VC-backed company. |
| What is Weishi Energy's valuation? | Weishi Energy was last valued at $580M in its Series A in December 2021. |
| How much funding has Weishi Energy raised? | Weishi Energy has raised $219M across 3 funding rounds. |
| What was Weishi Energy's last funding round? | Weishi Energy's last funding round was a strategic investment round in July 2026, led by Great Wall Motors. |
| Who are Weishi Energy's investors? | Weishi Energy's investors include SDIC Venture Capital, China Investment Corporation, Great Wall Motors, Beijing Zhihe Kangdao Shengwu Keji, Liben Energy, Jianxin Capital, Xunqi Technology, Dezaihou Capital, China National Building Material and PICC Capital Investment Management. |
| Which companies are comparable to Weishi Energy? | Companies comparable to Weishi Energy include West Holdings, MSolar, SP New Energy, Mainspring Energy, CK Power PCL and Antora Energy. |
| How many companies has Weishi Energy invested in? | Weishi Energy has invested in 1 company, including Suzhou Kerun New Materials. |
| What was Weishi Energy's last investment? | In January 2023, Weishi Energy invested in Suzhou Kerun New Materials' $35M Series C alongside BAIC Capital, General Technology Venture Capital, Bridge Capital China and 3 other investors. |
See companies similar to Weishi Energy
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




