12/09
2025
Enpower Completes Hundreds of Millions in Series B+ Funding
12/09
Enpower recently closed a Series B+ funding round raising hundreds of millions of RMB. Existing investor Asia Green Fund, which first backed the company in its 2022 Series A, participated again in this latest raise. The round was co-led by two Beijing municipal funds—the Beijing Green Energy and Low-Carbon Industry Investment Fund and the Beijing New Materials Industry Investment Fund.
The capital will be primarily deployed to advance R&D, expand market presence, and scale up production of solid-state batteries, accelerating their path to industrial commercialization.
The capital will be primarily deployed to advance R&D, expand market presence, and scale up production of solid-state batteries, accelerating their path to industrial commercialization.
Since its inception, Enpower has focused on the development and industrialization of solid-state batteries. Following a phased approach from semi-solid to quasi-solid and finally all-solid-state batteries, the company has progressively tackled industry-wide challenges such as interfacial impedance and material stability. It has achieved mass production of semi-solid-state batteries with an energy density of 300-400 Wh/kg and successfully developed lithium metal quasi-solid-state batteries with a density of 400-520 Wh/kg. These products have seen batch applications in high-value segments including the low-altitude economy (industrial drones, eVTOLs), robotics, and high-performance electric motorcycles, while all-solid-state batteries are currently in pilot development and scale-up conversion.
Enpower has established a global business framework and secured deep collaborations with leading international customers, driving forward both market penetration and industrial advancement. Against the backdrop of surging demand in emerging sectors like the low-altitude economy and humanoid robotics, Enpower has adopted a differentiated market entry strategy. The company plans to gradually expand into mainstream applications such as new energy vehicles and energy storage between 2027 and 2030, creating a virtuous cycle of "niche market traction, technological iteration, and ecosystem expansion."
With strong support from its existing investor Asia Green Fund and two key Beijing municipal industry funds in this round, Enpower is poised to leverage the dual driving force of capital and policy support. This will further solidify its first-mover advantage in the solid-state battery sector. The company aims to secure a leading position during the anticipated global industrialization window for solid-state batteries from 2027 to 2030, contributing a "China solution" to the global zero-carbon transition.