Shanghai (ZXZC)- Chinese electrical equipment supplier Hangzhou Superfuse Technology Co., Ltd. (“Superfuse”), announced on September 8 via its WeChat account the successful completion of its Series A funding round, which raised tens of millions of yuan exclusively from ADDOR CAPITAL.

The capital bagged from this round will be primarily allocated towards expanding the company’s market presence, boosting R&D efforts, and scaling up production capacity.

Photo credit: Superfuse

Superfuse, established in April 2018, stands as a national high-tech enterprise specializing in the production of high-performance fuse products for new energy power systems. These fuses find extensive applications in the fields of new energy vehicles (NEVs), charging piles, solar energy storage, electric two-wheelers, electric boats, data centers, and more.

The company said it has already established its foothold in the supply chains of over 20 leading companies in the electric vehicle (EV)-related sector, including Geely, Tata Motors, ZEEKR, SVOLT, Narada Power, Brunswick, Yadea, and TAILG, among others.

As electrification takes center stage in the automotive industry, new demands are being placed on traditional components like fuses. EVs require fuses that not only offer the protective properties of typical high-voltage DC fuses found in conventional power distribution systems but also withstand the shocks and vibrations associated with road travel. Superfuse's founder and CEO, Chao Dai, underscores this evolving need, stating that "traditional passive fuses struggle to meet the safety requirements of new energy power systems, making the Pyrofuse active breaker the direction of technological advancement."

Superfuse has successfully developed and mass-produced a range of high-end products suitable for new energy power systems, including the Fuse high-performance fuse and the Pyrofuse breaker capable of instantaneous shutdown. With demands growing, the company is experiencing explosive performance. In the first half of this year alone, Superfuse's shipment volume has already doubled compared to the entire previous year. Chao Dai said the company's annual shipment volume for this year is forecasted to witness a remarkable four to fivefold year-on-year growth.

Furthermore, Superfuse has established production bases in both Hangzhou city and Hunan province, with all automated production lines being independently developed. The combined annual production capacity of these facilities amounted to a remarkable 16 million units.