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Shanghai Tangfeng Energy Technology

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A company developing green energy to create a better future

ChinaFounded 2017Energy
Valuation $100–250M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Shanghai Tangfeng Energy Technology

Shanghai Tangfeng Energy Technology Co., Ltd. is a specialized firm focused on the hydrogen energy sector, established in July 2017. The company's operations encompass the entire lifecycle of fuel cell membrane electrode assemblies (MEAs), including research and development, manufacturing, testing, and sales. Its primary objective is to facilitate the commercial application of low-cost, high-performance, and long-life fuel cells.

The company was founded by Professor Zhang Junliang, who also serves as the Chairman and Chief Scientist. With over two decades of experience in the hydrogen energy field, Zhang brings deep technical expertise to the firm. His academic and professional journey includes earning bachelor's and master's degrees from Shanghai Jiao Tong University, a Ph.D. from Stony Brook University in the US, and postdoctoral research at Brookhaven National Laboratory. Before establishing Tangfeng Energy, he was a research scientist at General Motors. This extensive background in fuel cell research underpins the company's technical foundation. The operational team is further strengthened by professionals with experience from major automotive manufacturers like SAIC and Shanghai GM.

The core of Tangfeng Energy's business is the production of MEAs, which are critical components in fuel cells, acting as the site where hydrogen is converted into electricity. These components represent a significant portion of a fuel cell stack's cost, often exceeding 60%. The company serves as a key supplier to domestic and international mainstream fuel cell stack and system manufacturers. A primary focus for the company is the development of low-platinum MEAs to address the high costs associated with the use of platinum as a catalyst, a major barrier to the widespread adoption of fuel cell vehicles. The firm has developed proprietary processes, including CCM (Catalyst Coated Membrane) coating and automated roll-to-roll MEA packaging, to enhance production efficiency and precision.

Tangfeng Energy offers a range of products including fuel cell membrane electrodes, catalysts, and MEAs for PEM (Proton Exchange Membrane) water electrolysis. Their low-platinum MEAs are designed to have a platinum loading of less than 0.25gPt/kW while maintaining high power density and durability, having passed 10,000-hour life validations. The company has successfully raised significant capital through multiple funding rounds, including a Series C round of nearly 300 million RMB in early 2023, to fund further research and development and upgrade its production lines. By the end of 2022, the company had sold nearly two million MEA products and supplied close to 6,000 fuel cell stack systems.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
China
Employees
2
Open positions
None listed
Dealroom signal
25.0/100
Sub-industry
Clean Energy
Sector
Energy, Hydrogen, Spinout, Sustainable Development Goals, Climate Tech, Electrolysis, Fuel Cell, Green Hydrogen, Hydrogen Production, DT and LS, science-based
Technology
Hardware, Deep Tech
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES C✓Equity / VC Jan 2023 $41M $165M Hillhouse Capital · GP Capital · EBI Investment · Everest Venture Capital ↗
SERIES B✓Equity / VC Sep 2021 $0 — Luminous Ventures · Jinpu Investment · GP Capital · Kinzon Capital —
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Growth signals

Shanghai Tangfeng Energy Technology website traffic

Latest recorded traffic for Shanghai Tangfeng Energy Technology is 190 monthly website visits, up 280% over the last three months. Shanghai Tangfeng Energy Technology's team grew 0% over the past year.

Latest monthly visits190 3-month web change+280% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

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

Investors

15 investors on the cap table

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

Series A6 investors entered at this stage

  • Shenzhen Venture Capital
  • Luminous Ventures
  • Jinpu Investment
  • GP Capital
  • Kinzon Capital
  • Everest Venture Capital

Series B and later7 investors entered at this stage

  • Hillhouse Capital
  • EBI Investment
  • Frontier Investment
  • Dongfeng Asset Management
  • BOSC International
  • Shique Investment
  • Shaanxi Coal Qinling Science and Technology Venture Capital

Other known investors2 additional known investors

Employees 2 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
🇨🇳 China HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Shanghai Tangfeng Energy Technology 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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