Fonrich Successfully Completes Series A Funding of Several Million Dollars —Continuing to Build Safe and Intelligent New Energy Systems

Recently, Fonrich (Shanghai) New Energy Technology Co., Ltd. officially completed Series A Funding of several million dollars, with Industrial Securities Capital as the investor. This round of financing is primarily aimed at strengthening research in cutting-edge technologies, enhancing product penetration in the industry, and expanding safety and intelligent new energy systems into more applications. The goal is to transition from system development to future industrial layout.

Established in 2011, Fonrich has remained unwavering in its mission, relying on innovative technologies developed in-house. The company has accumulated nearly 200 patents, including approximately 100 invention patents, with 90 authorized. These patents cover a comprehensive technological stack encompassing disconnection, optimization, inversion, energy storage, communication, and systems. By integrating software and hardware R&D with global production and sales applications, Fonrich is dedicated to providing customers with economical, reliable, and practical safety new energy systems.

Fonrich has consistently upheld its commitment to safeguarding the safety and efficiency of customers' new energy systems. Over more than a decade of in-depth exploration of application needs within the new energy sector, the company has continuously upgraded and iterated its products. As a result, Fonrich has successfully developed a range of high-quality, practical “STAR” products, including intelligent safety protectors, safety optimizers, and DC arc fault detectors.

Additionally, the Safesolar Smart Control Platform enables AI analysis of various data from photovoltaic panels, ensuring a true return on investment for power plant owners and facilitating efficient management and precise operation of photovoltaic assets.

Fonrich's excellence is further validated by a series of prestigious awards, including the 2024 Best PV Smart Control Solution Company by SolarQuarter, the sole intelligent photovoltaic pilot demonstration enterprise in Shanghai for 2023, and recognition as a high-tech enterprise for over ten consecutive years. The company has also been designated as a specialized, refined, distinctive, and innovative enterprise in Shanghai, as well as a patent pilot unit. These accolades underscore Fonrich's robust research and development capabilities and its effective market expansion efforts.

With a commitment to diligence and high aspirations, Fonrich looks forward to advancing further on its journey. The company aims to strive for broader market recognition and success, with the goal of becoming a globally renowned new energy enterprise.