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Organization and Nature of Operations | 12 Months Ended
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Dec. 31, 2024
Organization and Nature of Operations [Abstarct] |
Organization and nature of operations |
1. | Organization and nature of operations
Nano Labs Ltd (“Nano Labs”), incorporated on January 8, 2021, is a holding company, as an exempted company with limited liability in the Cayman Islands. Nano Labs principally engages in fabless integrated circuit (“IC”) design and sale of product solutions by integrating its self-designed IC products and Bitcoin value investment. The Company utilizes third-party suppliers to fabricate, pack and test the IC products. Prior to the incorporation of the Company, the Company’s business was carried out by Zhejiang Haowei Technology Co., Ltd. (“Zhejiang Haowei”) and its subsidiaries. Zhejiang Haowei was established by Mr. Jianping Kong, the principal shareholder, chairman and chief executive officer, in July 2019. Nano Labs underwent a series of onshore and offshore reorganizations, which were completed in September 2021 (the “Reorganization”). Immediately before and after the Reorganization, the controlling shareholders of Zhejiang Haowei controlled Zhejiang Haowei and Nano Labs; therefore, for accounting purposes, the Reorganization is accounted for as a transaction of entities under common control. Accordingly, the accompanying consolidated financial statements have been prepared as if the current corporate structure had been in existence throughout the periods presented. The Company does not conduct any substantive operations on its own but instead conducts its business operations through its subsidiaries. As of the date of this report, the Company’s major subsidiaries are as follows:
Name of subsidiaries |  | Date of incorporation |  | Place of incorporation |  | Ownership percentage |  |  | Principal activities
Zhejiang Haowei Technology Co., Ltd. (“Zhejiang Haowei”) |  | July 16, 2019 |  | Hangzhou, China |  |  | 100 | % |  | Research and development of ICs
Zhejiang Nanomicro Technology Co., Ltd. (“Zhejiang Nanomicro”) |  | July 16, 2019 |  | Hangzhou, China |  |  | 100 | % |  | Research and development of ICs
Zhejiang NanoBlock Technology Co., Ltd. |  | July 16, 2019 |  | Hangzhou, China |  |  | 100 | % |  | Research and development of ICs
Zhejiang Ipollo Technology Co., Ltd. |  | August 18, 2020 |  | Hangzhou, China |  |  | 100 | % |  | Distribution of products
Nano Labs HK Limited |  | September 8, 2020 |  | Hong Kong |  |  | 100 | % |  | Investment
Nano Labs Inc |  | December 22, 2020 |  | BVI |  |  | 100 | % |  | Investment
Name of subsidiaries |  | Date of incorporation |  | Place of incorporation |  | Ownership percentage |  |  | Principal activities
Zhejiang Weike Technology Co., Ltd. (“Zhejiang Weike”) |  | June 2, 2021 |  | Hangzhou, China |  |  | 100 | % |  | Research and development of software
IPOLLO PTE. LTD. (formerly IPOLLO MINER PTE.LTD.) |  | June 9, 2021 |  | Singapore |  |  | 100 | % |  | Distribution of products
Ipollo Tech Inc |  | June 29, 2021 |  | BVI |  |  | 100 | % |  | Investment
Nano Tech Cayman Ltd |  | July 6, 2021 |  | Cayman |  |  | 100 | % |  | Investment
Nano Technology HK Limited |  | July 7, 2021 |  | Hong Kong |  |  | 100 | % |  | Investment
Ipollo HK Limited |  | July 7, 2021 |  | Hong Kong |  |  | 100 | % |  | Distribution of products
Zhejiang Metaverse Technology Co., Ltd. |  | August 12, 2021 |  | Hangzhou, China |  |  | 100 | % |  | Investment
Ipollo Tech Ltd |  | October 27, 2021 |  | Cayman |  |  | 100 | % |  | Investment
Haowei Technology (Shaoxing) Co., Ltd. |  | November 3, 2021 |  | Shaoxing, China |  |  | 100 | % |  | Investment
Shenzhen Matamata Technology Co., Ltd. |  | November 17, 2021 |  | Shenzhen, China |  |  | 100 | % |  | Distribution of products
Nano bit HK Limited (formerly Tsuki HK Limited) |  | November 18, 2021 |  | Hong Kong |  |  | 100 | % |  | Investment
Shenzhen Matavos Technology Co., Ltd. |  | December 21, 2021 |  | Shenzhen, China |  |  | 100 | % |  | Distribution of products
Tsuki Inc |  | January 7, 2022 |  | United States |  |  | 100 | % |  | Distribution of products
Metaski (Shaoxing) Technology Co., Ltd. |  | January 13, 2022 |  | Shaoxing, China |  |  | 100 | % |  | Distribution of products
Haoweiverse (Shaoxing) Technology Co., Ltd. (“Haoweiverse”) |  | January 13, 2022 |  | Shaoxing, China |  |  | 65 | % |  | Plant and distribution of products
Metameta (Shaoxing) Technology Co., Ltd. |  | January 25, 2022 |  | Shaoxing, China |  |  | 100 | % |  | Distribution of products
Ipolloverse HK Limited |  | May 18, 2022 |  | Hong Kong |  |  | 70 | % |  | Research and development
Metaverse (Shaoxing) Technology Co., Ltd. |  | May 20, 2022 |  | Shaoxing, China |  |  | 100 | % |  | Distribution of products
Ipolloverse Cayman Ltd |  | May 27, 2022 |  | Cayman |  |  | 70 | % |  | Investment
Ipolloverse Tech Inc |  | May 30, 2022 |  | BVI |  |  | 70 | % |  | Investment
Hangzhou Meta Technology Co., Ltd. |  | October 21, 2022 |  | Hangzhou, China |  |  | 100 | % |  | Distribution of products
Nano Labs and its consolidated subsidiaries are collectively referred to herein as the “Company”, “we” and “us”, unless specific reference is made to an entity.

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