The company is the energy storage arm of publicly-listed Guangzhou Zhiguang Electric, a Chinese energy technology group. It operates in the energy storage sector. The subsidiary raised 700 million yuan (about $98.5 million) in strategic financing at a post-money valuation of 2.5 billion yuan (about $351.7 million). The article describes the transaction as strategic financing but does not disclose the breakdown of instruments or the use of proceeds. The parent company is publicly listed and based in China.

Total raised

$97M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2024