Venture(US:VEMLY) Sou Hu Cai Jing·2025-12-31 01:03Financing Information - Sodium-ion battery cathode material company, Sodium Far New Materials Technology (Wuxi) Co., Ltd., recently completed a Pre-A round financing of several tens of millions of RMB, led by Guoxin Venture Capital and Ziliu Capital [1] - The funds will be primarily used for capacity expansion of a ten-thousand-ton production line, research and development of negative-free sodium batteries, and expansion of production, sales, and supply chain teams [1] Company Overview - Established in 2022, headquartered in Wuxi, Jiangsu Province, China [1] - Core product: Modified poly anionic sodium iron sulfate (NFS) cathode material system (main material + special additives) [1] - Unique technology: The company is the only one capable of providing large-scale NFS core "hard" additives, focusing on design optimization and performance breakthroughs of NFS cathode materials [1][2] Market Potential - The sodium battery industry is entering the initial stage of large-scale production, with the market for poly anionic cathode materials expected to grow from 2,000 tons in 2023-2024 to 2 million tons by 2030, corresponding to a market increment of 40 billion RMB [4] - The overall sodium battery market is projected to expand from 4 GWh to 1 TWh, with a market space of 500 billion RMB [4] Company Performance - Sodium Far New Materials has rapidly increased revenue, having established a 5,000-ton NFS production line in Jiangxi and planning a ten-thousand-ton production line in Lu'an, Anhui, expected to meet customer demand of several thousand tons [5] - The company has already conducted sample tests with over a hundred clients and signed contracts for several hundred tons of orders [5] Team Background - Founded by a team of PhD professionals with strong German industrial and research backgrounds, combining rigorous German engineering with efficient Chinese execution [6] - The founder and CEO, Liu Zhongqing, holds a PhD from Germany and has experience in product development and energy research [6] Product and Market Strategy - The NFS material is derived from chemical by-products, making it cost-effective, with a BOM cost under 10,000 RMB [7] - The next-generation negative-free battery technology aims to disrupt the mid-low nickel ternary and lithium iron phosphate markets, targeting light-duty power applications, UPS power supplies, and backup power for AI data centers [2][9] Investor Insights - Guoxin Venture Capital emphasizes the importance of core technology and scalability in new material enterprises, noting that Sodium Far New Materials has established a complete technical closed loop from R&D to production line design [10] - Ziliu Capital highlights the alignment of the company's negative-free sodium battery technology with industry leaders, indicating a focus on cost reduction and efficiency improvements [10]