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Dalian Bolong New Materials

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All-vanadium redox flow battery developer

ChinaFounded 2008Energy
Valuation $500M–1B Last recorded · 2023
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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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 data

At 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

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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 ↗
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Growth signals

Dalian Bolong New Materials website traffic

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.

Latest monthly visits270 3-month web change+58.8% 1-year team growth0%
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Similar companies

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Investments and acquisitions

Capital deployed

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

Investors

9 investors on the cap table

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
  • Newonder Special Electric
  • Sinomag Technology
  • Dalian Finance Industry Investment Group (DFIIG)
  • Legend Capital

Other known investors1 additional known investor

  • Dalian Institute Of Chemical Physics Chinese Academy Of Sciences
Employees 5 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇨🇳 China100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Dalian Bolong New Materials 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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