China Shipping Energy Storage is a company specializing in the development of new energy storage technology, production and sales of energy storage equipment. The current core product is iron-chromium flow battery. Recently announced the completion of two consecutive rounds of financing, the PreA round and the PreA+ round, with a cumulative financing of hundreds of millions of RMB. The investors are Sequoia China, Source Code Capital, Matrix Partners and Clearflow Capital. Among them, Source Code led the Pre-A+ round. The company stated that this round of financing will be mainly used for mass production capacity construction, continuous technology iterative research and development, business operations and other business aspects.
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