Sodium battery maker Yin Gong raises $14.7M to challenge lithium

What's the deal? Jiangsu Yin Gong Technology has raised 100 million CNY (about $14.7 million) in an early-stage round to advance its sodium-ion battery technology.

Qifu CapitalDealroom has a profile for this one. Try Dealroom → and Fudan Science and Technology Innovation co-led the round. Suzhou Science and Technology Innovation, Xianghe CapitalDealroom has a profile for this one. Try Dealroom →, and strategic industry investors joined.

Yin Gong builds low-cost, long-cycle sodium-ion batteries. It sells standard and custom products for uses spanning consumer electronics, e-bikes, power tools, and data centre energy storage.

Why now? Sodium-ion batteries are gaining traction as a cheaper alternative to lithium, which faces supply constraints and price swings.

The company also offers full production-line solutions, positioning it to scale as demand for affordable storage grows.

What could go wrong? Sodium-ion technology still trails lithium on energy density, limiting some applications.

Competition is fierce, with major players racing to commercialise the same chemistry.

The signal: The Pre-A+ round pulls in a telling mix of backers — investment funds like Qifu CapitalDealroom has a profile for this one. Try Dealroom → and Xianghe CapitalDealroom has a profile for this one. Try Dealroom → alongside government and non-profit vehicles including the Suzhou Industrial Park Science and Technology Innovation FundDealroom has a profile for this one. Try Dealroom →. For a breakout-stage energy storage developer, that blend of private capital and state-linked funding mirrors China's coordinated push to build a homegrown alternative to lithium.

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