Huzhou Inna closes Series A for sodium-ion cathode materials
What's the deal? Huzhou Inna New Energy Materials, a Chinese manufacturer of polyanionic cathode materials for sodium-ion batteries, has closed a Series A round worth tens of millions of yuan (around 10M CNY / ~$1.4M USD). The sole strategic investor was Xienuo Chentu (谢诺辰途), the venture-capital arm of Guangzhou-based Shino Investment Group.
Why now? Sodium-ion batteries have gained momentum as a cheaper, more abundant alternative to lithium-ion technology — particularly in China, where manufacturers are racing to commercialise the chemistry for grid energy storage and entry-level EVs. Polyanionic cathodes are one of the three leading sodium-ion cathode families (alongside layered oxides and Prussian blue analogues) and are valued for their thermal stability and long cycle life. China's central government has signalled support for sodium-ion as part of its broader push into hard-tech and energy independence.
About the company. Founded in March 2022 and headquartered in Huzhou, Zhejiang Province, Huzhou Inna (湖州英钠新能源材料有限公司) focuses on the development and production of polyanionic sodium-ion cathode materials. The company previously raised a seed round of 20M CNY in July 2023, led by Oriental Fortune.
About the investor. Xienuo Chentu is the equity investment arm of Shino Investment Group, registered with the Asset Management Association of China in December 2014 (CSRC license P1014565). The firm describes itself as a hard-tech-focused venture capital investor.
Read more: Jiemian News
