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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
[SMM Hydrogen Energy News Brief: Shanhaiqi Completed Tens of Millions - Shanghai Metals Market (SMM)