Fonrich (Shanghai) New Energy Technology Co., Ltd. has completed Series A funding of several million dollars, with Industrial Securities Capital as the lead investor. This financing round aims to strengthen research in new technologies, increase product penetration in the industry, and expand safety and intelligent new energy systems into additional applications. The company plans to transition from system development to a broader industrial layout.
Founded in 2011, Fonrich focuses on innovation, utilizing technologies developed in-house. The company has accumulated nearly 200 patents, including about 100 invention patents, with 90 granted. These patents cover various technological areas, including disconnection, optimization, inversion, energy storage, communication, and systems. By integrating software and hardware research and development with global production and sales applications, Fonrich aims to provide economical and reliable safety systems in the new energy sector.
Fonrich emphasizes the importance of safety and efficiency in its new energy systems. Over more than a decade, the company has explored application needs within the sector, continuously upgrading its products. This effort has resulted in the development of practical “STAR” products, including intelligent safety protectors, safety optimizers, and DC arc fault detectors.
Additionally, the Safesolar Smart Control Platform uses AI to analyze data from photovoltaic panels, supporting effective management and operation of photovoltaic assets while aiming for a true return on investment for power plant owners.
The company's achievements have been recognized through various awards, including the 2024 Best PV Smart Control Solution Company by SolarQuarter and designation as a high-tech enterprise for over ten consecutive years. Fonrich has also received recognition as a specialized, refined, distinctive, and innovative enterprise in Shanghai, along with being designated as a patent pilot unit. These recognitions reflect Fonrich's research and development efforts and market expansion initiatives.
With a focus on diligence and strategic growth, Fonrich aims to enhance its presence in the new energy sector and achieve broader market recognition.
