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Investee Company : LIONGO completed the financing of nearly 200 million yuan ($31 million) in Series A Round

Apr 26, 2022

This round of financing is led by Oceanpine Capital, and well-known investment institutions and enterprises such as the Achievement Transformation Parent Fund of the Chinese Academy of Sciences, and other well-known investment institutions and enterprises participate in this round of financing.

The corpus raised will help LIONGO fuel the development of chip products and supply chain. and quickly realize the production capacity layout of multiple production bases, laying a solid foundation for the company's rapid development.

LIONGO development positioning is to become a high-tech enterprise in the direction of new electrolyte materials.

By integrating resources and independent development, the company will gradually have the ability to customize and provide overall electrolyte solutions for customers. The materials developed have independent intellectual property rights, which can meet the needs of advanced batteries in various application fields such as consumer electronics, electric vehicles and large-scale energy storage in the future. Through the layout of the whole industrial chain of liquid electrolyte-mixed solid-liquid electrolyte-solid electrolyte, the company will self-support key raw materials, which will become a leading enterprise in the direction of new electrolyte materials based on liquid electrolytes, mixed solid-liquid electrolytes as the highlights, and solid electrolytes as the core.

Source: Oceanpine Capital

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