HyperStrong Makes a Strong Debut on STAR Market, Signaling Growth in Energy Storage Sector

HyperStrong's Successful IPO on STAR Market

On January 27, 2025, HyperStrong, a prominent player in the battery energy storage systems (BESS) sector and part of Qiming Venture Partners' portfolio, successfully launched its shares on the Shanghai Stock Exchange's Science and Technology Innovation Board, also known as the STAR Market. The company priced its shares at RMB 19.38, but by the end of the trading day, the stock surged to RMB 63.80, illustrating a remarkable increase of 229.21%. This move elevated HyperStrong's market capitalization to an impressive RMB 11.339 billion.

HyperStrong's journey to this IPO has been underpinned by Qiming Venture Partners, which has been an early investor since 2015. The successful public offering not only represents a significant milestone for HyperStrong but also marks Qiming's first IPO achievement of 2025.

Founded in 2011, HyperStrong has positioned itself as a vital participant in the global shift toward renewable energy. The firm offers a range of energy storage solutions, including innovative liquid-cooling systems and integrated charging and storage systems tailored for commercial and utility-scale applications. As global demand for renewable energy rises, the necessity for reliable energy storage systems has become increasingly critical for maintaining grid stability and safety.

HyperStrong has emerged as a leader in the BESS market, thanks to its advanced technologies in battery digital modeling, energy and thermal management, system integration, and extensive testing protocols. These capabilities empower the company to cater to the diverse and dynamic needs of its clients. Notably, SP Global Commodity Insights reported that HyperStrong ranked among the top three BESS integrators globally in terms of installed capacity in 2023.

Dr. Jianhui Zhang, the Chairman and CEO of HyperStrong, expressed ambitions for the company's future, stating, "HyperStrong is dedicated to unlocking the complete lifecycle value of energy storage systems. We intend to enhance our engagement across the energy storage value chain and to drive innovation through a collaborative ecosystem. By advancing our digital applications and synergy between hardware and software, we aim to swiftly innovate products tailored to the evolving global market demands."

Alex Zhou, the Managing Partner at Qiming Venture Partners, extended his congratulations, highlighting the significant journey HyperStrong has embarked upon. "For the last decade, witnessing HyperStrong’s relentless growth as investors and board members has been a rewarding experience. This successful IPO serves as both a pivotal achievement for the company and the beginning of an exhilarating new chapter ripe with potential. As the global energy landscape transforms, energy storage will prove to be a cornerstone of that transformation. We fully expect HyperStrong to continually lead in technological advancements, reinforcing its critical role in the global energy storage ecosystem."

Qiming Venture Partners itself, established in 2006, manages approximately $9.5 billion across 18 funds, having invested in numerous prominent companies across technology, consumer, and healthcare sectors. With over 580 startups in its portfolio, 210 of which have transitioned to public companies or undergone M&A, Qiming remains a powerful catalyst in the growth of innovative enterprises. Notable companies in Qiming's arsenal include Xiaomi, Meituan, Bilibili, and many others, showcasing the firm's impact on the global marketplace.

HyperStrong's entry into the STAR Market underscores the growing relevance of battery energy storage solutions in addressing contemporary energy challenges. As energy demands continue to escalate globally, the role of leaders like HyperStrong in providing innovative solutions will be invaluable, shaping a sustainable future for energy management.