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Dalian Bolong New Materials
All-vanadium redox flow battery developer
About Dalian Bolong New Materials
Dalian Bolong New Materials Co., Ltd. (BNM) operates as a specialized producer of high-performance vanadium products, positioning itself as a critical materials supplier for the aerospace, energy, and chemical sectors. The company is a subsidiary of the Dalian Bolong Holding Group, an industrial conglomerate focused on advanced vanadium chemicals, master alloys, and Vanadium Redox Flow Batteries (VRFBs). BNM has established itself as a key player in the supply chain for emerging technologies related to new energy, energy conservation, and environmental protection.
The company's core business involves the development and large-scale manufacturing of a comprehensive range of vanadium products, including vanadium oxides, vanadium compounds, and, most notably, vanadium electrolyte. This electrolyte is an essential component for VRFBs, a technology for large-scale energy storage. BNM's business model centers on manufacturing and supplying these crucial materials to a global client base, which includes battery manufacturers and industrial firms in the aviation and chemical industries. The firm has the capability to deliver both standardized and customized products to meet specific client requirements. A significant milestone was achieved in early 2025 when the company commissioned the second phase of its vanadium electrolyte production line, boosting its total annual capacity to 150,000 cubic meters and making it the world's largest producer of vanadium electrolyte.
BNM's product portfolio is distinguished by its focus on high-purity and high-performance vanadium materials. Its vanadium electrolyte is central to its offerings, as it constitutes nearly half of the total system cost of a vanadium flow battery. The company has been instrumental in the industrial-scale production of this material, supporting the commercialization of VRFB technology. In addition to the electrolyte, the company produces other high-purity vanadium chemicals and has developed products like granular vanadium and high purity vanadium trioxide, which have received regional innovation awards. With nearly three decades of experience in vanadium chemical research and development, BNM has played an important role in setting national and industry standards for its products in China. The company also collaborates with academic institutions, such as the Dalian Institute of Chemical Physics, to advance its material science capabilities.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2008
- Headquarters
- China
- Employees
- 5
- Open positions
- None listed
- Dealroom signal
- 25.7/100
- Industry
- Energy
- Sub-industry
- Energy Storage
- Sector
- Energy, Spinout, Sustainable Development Goals, Climate Tech, Stationary Energy Storage, Alternative Battery Chemistry, DT and LS, science-based
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Apr 2023 | $138M | $825M | Dalian Finance Industry Investment Group (DFIIG) · Roton Capital · Legend Capital | ↗ |
| SERIES BOther financing | Dec 2022 | $28M | $110M | Biren Technology · Jinding Capital · Newonder Special Electric · Sinomag Technology | ↗ |
Growth signals
Latest recorded traffic for Dalian Bolong New Materials is 270 monthly website visits, up 58.8% over the last three months. Dalian Bolong New Materials's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A8 investors entered at this stage
Roton Capital
Zhongji Investment
Biren Technology
Jinding Capital- NENewonder Special Electric
- STSinomag Technology
- D(Dalian Finance Industry Investment Group (DFIIG)
Legend Capital
Other known investors1 additional known investor
Dalian Institute Of Chemical Physics Chinese Academy Of Sciences
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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