Qiyuan Xindongli is a zero-carbon green-energy transportation integrated services provider. The company focuses on green electric transportation, actively promoting battery-swap heavy trucks and electric construction machinery. It is building a battery-swap service network and provides full lifecycle management for power batteries. The company also offers intelligent digital operations management and customized financial services. Recently Qiyuan Xindongli completed a RMB1.5 billion Series B equity financing involving several state-backed and corporate investors. Qiyuan Xindongli (Shanghai Qiyuan Xindongli Technology Co., Ltd.) is a zero-carbon green-energy transport integrated services company focused on battery swap and charging for heavy trucks and electric construction machinery. The company holds core battery-swap patents and has deployed more than 100 heavy-truck charging and swap stations across 31 provinces, supporting over 200 heavy-truck models. Its offerings include swap services network rollout, battery lifecycle management, intelligent digital operations, and customized financial services. Qiyuan positions itself as a nationwide scale leader in commercial vehicle swap services and leverages internet technologies to improve operational efficiency and user experience. Financially, the company has raised multiple rounds including a 2020 angel investment from State Power Investment Group and a February financing of several tens of millions of RMB from Ningde Times (CATL); it recently completed a larger institutional A round. Future plans emphasize increased R&D and market investment, deeper integration of upstream and downstream industry resources, and continued nationwide expansion of its battery-swap ecosystem to consolidate its industry-leading position.

Total raised

$358M

Funding rounds

2

Latest round

Series B

Latest activity

Jan 2024