Shanhaiqi Secures Tens of Millions in Angel Round Funding from CASSTAR for PEM Tech Expansion

Published: May 11, 2026 09:40

[SMM Hydrogen Energy News Brief: Shanhaiqi Completed Tens of Millions of Yuan in Angel Round Financing, Exclusively Invested by CASSTAR] Recently, high performance PEM water electrolysis membrane electrode enterprise "Shanhaiqi (Shanghai) New Energy Technology Co., Ltd." completed tens of millions of yuan in angel round financing, exclusively invested by CASSTAR.

This round of funding will be primarily used for GW-level membrane electrode production line construction, supporting catalyst R&D and production, and market expansion. Shanhaiqi was founded by Professor Zhang Bo from Fudan University, focusing on the full-chain in-house R&D and production of PEM water electrolysis hydrogen production catalysts and membrane electrodes, with technology that has reached a globally leading level.

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