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Baoying Gas

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Baoying Gas is a gas solution provider and a national gas industry investment and operation platform enterprise

ChinaFounded 2021Energy
Valuation $100–250M Last recorded · 2023
Total funding $50–100M Disclosed equity funding
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About Baoying Gas

Established in April 2021, Baoying (Nanjing) Gas Co., Ltd. is positioned as a national investment and operation platform for the gas industry. The company was founded by Sheng Zhongke, the former general manager of Baosteel Gas, who brings extensive experience to the venture. The core management team is composed of professionals with backgrounds in major foreign, state-owned, and private gas enterprises, possessing an average of over 25 years of industry experience in project development, design, and operations.

The firm operates by providing comprehensive, one-stop gas solutions to a diverse client base in sectors such as steel, chemicals, electronics, and healthcare. Its business model encompasses the production and supply of traditional industrial gases, the development of special gases, pipeline gas supply, and research into gas applications and energy storage. Revenue is generated through the sale and supply of these gases and related equipment and services. The company serves high-end manufacturing industries, including semiconductors, LEDs, and hydrogen energy battery sectors.

Baoying Gas delivers a wide array of products, including traditional bulk gases like oxygen, nitrogen, and argon, supplied via pipelines or in liquid form. A significant area of focus is on specialty products, such as ultra-high purity ammonia for the semiconductor and optoelectronics industries, with a new 8,000-ton-per-year production facility for this photo-grade material under construction in Nanjing. The portfolio also includes medical oxygen, hydrogen, and various rare gases. Strategically, the company is expanding into hydrogen energy, gas energy storage technology, and green energy solutions to align with national sustainability goals. This is supported by a network of production bases, including a hydrogen R&D center in Nanjing, an electronic special gas base in Wuhu, and an energy island in Ya'an, Sichuan.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
China
Open positions
None listed
Dealroom signal
18.3/100
Industry
Energy
Sector
Energy, Hard Tech
Client focus
b2b
Links
Website

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Dec 2023 $28M $110M ITG Holding · Hengxu Capital ↗
SERIES AOther financing Mar 2023 $0 — Asia Green Fund ↗
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Growth signals

Baoying Gas website traffic

Latest recorded traffic for Baoying Gas is 620 monthly website visits.

Latest monthly visits620
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Asia Green Fund

Series A4 investors entered at this stage

  • Green Capital
  • Cathay Capital
  • ITG Holding
  • Hengxu Capital
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Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Baoying Gas on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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