National Green Development Fund
16th Floor, Golden Bund International Plaza, 100 Zhongshan South Road, Huangpu District, Shanghai, 200010, China
Overview
National Green Development Fund is jointly established by the Ministry of Ecology and the Ministry of Finance.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Qiyuan Core Power Technology
Participated · Series B · Jan 2024
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.
Team
No current team members are available.