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Energy Tech Series A Founded 2019

Sheng Shui

Shengshui (枡水科技) is a hydrogen technology company providing full-chain solutions for key materials, core components, and equipment in hydrogen production. Founded in May 2019 as a national specialized "Little Giant" enterprise, the company operates four R&D and production centers for membrane electrodes, catalysts, titanium products, and green hydrogen testing equipment, plus a Singapore international business…

📍 Hefei, China · Energy Storage Tech

Funding snapshot

Last roundSeries A
Amount$14M
Date5 March 2026
Total raised$14M

About

Shengshui (枡水科技) is a hydrogen technology company providing full-chain solutions for key materials, core components, and equipment in hydrogen production. Founded in May 2019 as a national specialized "Little Giant" enterprise, the company operates four R&D and production centers for membrane electrodes, catalysts, titanium products, and green hydrogen testing equipment, plus a Singapore international business center. Shengshui develops PEM and AEM electrolysis membrane electrodes, iridium and platinum catalysts, anode gas diffusion layers (PTL), and electrolyzer testing equipment with proprietary core technologies. The company has served over 500 customers including top global new energy companies, delivered over 40,000 MEAs, and covers over 70% of China's PEM electrolyzer customers. Founded in 2019, headquartered in Hefei, China, The company has raised $13.7M at the Series A stage, backed by investors including NIO Capital, Lenovo Capital and Incubator Group, Zhongan Capital, Hefei State-Owned Assets Holding Company Ltd...

Business model

Energy Storage Tech > Hydrogen > Hydrogen Generation > Electrolysis

Institutional investors

NIO Capital Lenovo Capital and Incubator Group Zhongan Capital Hefei State-Owned Assets Holding Company Ltd.

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