BEIJING -- Lingniu Hydrogen Energy Technology, a Chinese logistics tech startup that operates hydrogen fuel cell vehicles, has raised 50 million yuan ($7.3 million) in a pre-Series A funding round led by Nanhu Financial, 36Kr has learned.
Founded in 2021, Lingniu offers solutions combining hydrogen fuel cell cars and energy to blue-chip companies and high-end logistics companies, with a focus on areas such as urban cold-chain logistics, deliveries and port transportation. The company also supplies hydrogen at hydrogen stations. About 70% of such vehicles currently in operation in China are owned by the company.
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