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

Weishi Energy Overview

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

ChinaBaoding

Website

ftxt-e.com

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

Weishi Energy valuation by funding round
DateStageValuation
Dec 2021Series 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

Weishi Energy funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026Strategic investmentGreat Wall Motors (lead)---
Nov 2022Series BChina National Building Material (lead); Liben Energy; SDIC Venture Capital$77M--
Dec 2021Series AChina Investment Corporation (lead); PICC Capital Investment Management (lead); SDIC Venture Capital (lead); Beijing Zhihe Kangdao Shengwu Keji; Jianxin Capital; Xunqi Technology; Dezaihou Capital$141M$580MWeishi 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

Investors in Weishi Energy by funding rounds participated
InvestorHQRoundsRoleFirst check
SDIC Venture CapitalChinaBeijing2LeadDec 2021
China Investment CorporationChinaBeijing1LeadDec 2021
Great Wall MotorsChinaHebei1LeadJul 2026
Beijing Zhihe Kangdao Shengwu KejiChinaBeijing1ParticipantDec 2021
Liben EnergyChinaHebei1ParticipantNov 2022
Jianxin CapitalChinaShanghai1ParticipantDec 2021
Xunqi TechnologyChinaChina1ParticipantDec 2021
Dezaihou Capital--1ParticipantDec 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Investments 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

Suzhou Kerun New Materials
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 CountryChina
HQ City
Suzhou
Deal Date30 Jan 2023
RoundSeries C
Raised$35M
InvestorsBAIC Capital; General Technology Venture Capital; Bridge Capital China; Guangzhou Yingding Equity Investment Fund Management; HSG; Rongtuo Capital Management
Valuation$435M
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to Weishi Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
West HoldingsJapanJapanPublicly listed$304M$74M$571M2.7x
MSolarUnited StatesUnited StatesPrivate--$801M-
SP New EnergyPhilippinesPhilippinesPublicly listed$25M($46M)$958M-
Mainspring EnergyUnited StatesSan Francisco, CAPrivate--$1B-
CK Power PCLThailandThailandPublicly listed$303M$198M$581M5.3x
Antora EnergyUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CK Power PCL$303M$198M5.4x5.3x8.3x13.0x
West Holdings$304M$74M3.1x2.7x12.6x10.3x
Audax Renovables$2.2B$107M0.4x0.4x8.5x7.2x
W&T Offshore$501M$54M1.6x1.4x14.8x4.8x
JinkoSolar$9.8B($44M)0.6x0.6x(139.6x)25.8x
Raizen$44B($1.4B)0.3x0.3x(8.7x)9.7x
Schoeller-Bleckmann$524M$82M1.3x1.3x8.3x9.0x
ERock$183M($50M)1.3x-(4.6x)-

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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.

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