VEL Keyang New Materials
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VEL Keyang New Materials - overview
Established
2022
Location
Shanghai, Shanghai, China
Primary Industry
Materials
About
Based in Shanghai, China, and founded in 2022, Shanghai Keyang New Materials Co. , Ltd. , trading as VEL Keyang New Materials, is a developer of carbon paper and carbon cloth substrates for gas diffusion layers. In September 2026, VEL Keyang New Materials raised a venture funding from Leading Capital.
The company specializes in providing carbon paper substrates—serving as core materials for fuel cells and PEM electrolyzers in the hydrogen energy industry—as well as carbon cloth for vanadium batteries (used as carbon electrodes). The company’s revenue is generated by providing advanced carbon materials. The funding raised in September 2026 will be used for the implementation of advanced carbon material production lines, technology R&D, and market expansion.
Current Investors
Leading Capital
Primary Industry
Materials
Sub Industries
Energy Storage & Batteries, Materials
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
VEL Keyang New Materials - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | VEL Keyang New Materials | - |
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