
Shenzhen Furui Electric
Focuses on new energy vehicle power supply and domestic hydrogen fuel cells.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
* | CNY20.0m | Series A | |
Total Funding | 000k |
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Shenzhen Furui Electric Co., Ltd. (Foripower), established in 2016, specializes in power electronics for new energy vehicles, with a strategic focus on the hydrogen energy sector. The company's leadership team possesses over a decade of experience in the research, development, and manufacturing of power electronics. This expertise has positioned Foripower as an undertaker of a sub-project within China's national key R&D plan for new energy vehicles, where it is responsible for developing high-power DC/DC boost converters.
Foripower's business revolves around the design and production of Balance of Plant (BOP) components for fuel cell systems. The company serves a global client base, with partners in over 20 countries, including Europe, the USA, Japan, and South Korea. Its business model appears to be manufacturing and direct sales to system integrators and vehicle manufacturers. Foripower has established itself as a first-tier supplier for major companies such as BALLARD, SANY, ISUZU, Dongfeng, and Sunrise Power.
The product portfolio is extensive, featuring fuel cell DC/DC converters, integrated Power Conversion Units (PCU), and fuel cell air compressor controllers. One of their key offerings is the PCU series, which integrates multiple components to reduce cost, improve reliability, and increase power density for fuel cell systems. These products have seen continuous development since 2018 and are used across various vehicle types, including passenger cars, buses, and heavy trucks. In 2022, the company launched its "FRF140 series," a new generation of hydrogen fuel-cell DC/DC converters with improved efficiency, reduced size, and lower weight. A significant milestone was achieved in November 2017 when the company obtained IATF16949:2016 certification, followed by an angel investment from Tsing Innovation Capital in January 2018. The company has since expanded its operations, establishing an R&D center in Nanshan in 2018 and a factory in Chenzhou, Hunan, in 2021.
Keywords: power electronics, hydrogen fuel cell, DC/DC converters, air compressor controller, Power Conversion Unit (PCU), new energy vehicles, fuel cell BOP, Balance of Plant, commercial vehicles, automotive electronics, hydrogen energy, electrolyzer power supply, high-voltage system integration, fuel cell systems, electric vehicle components, power density, SANY supplier, BALLARD supplier, ISUZU supplier