Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

Battery-Sharing Firm Energy Monster Completes $71.5 Million Series C Funding

researchsnappy by researchsnappy
December 25, 2019
in Advertising Research
0
Battery-Sharing Firm Energy Monster Completes $71.5 Million Series C Funding
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

Chinese portable battery-sharing startup Energy Monster has raised 500 million yuan in a series C funding round led by Softbank Ventures Asia, China News Service reported Tuesday.

Other investors include Hillhouse Capital, Shunwei Capital, and BOC International, among others, the report said.

The Shanghai-based firm, which provides table-mounted and take-away chargers at public places including bars, restaurants and convenience stores, will use the newly-raised capital to expand its existing business and explore new opportunities.

Energy Monster has taken five rounds of investment since its establishment in 2017, with the last round taking place in April, when the startup raised $30 million from a group of investors including Hillhouse Capital, Shunwei Capital and Xiaomi.

China had over 300 million power bank rental users in 2019, and research firm Qianzhan estimates the market will expand to be worth 330 million yuan in 2020.

In the first half of 2019, Energy Monster was China’s third-largest charger-sharing service provider after Jiedian and Xiaodian, holding 20.9% market share. Jiedian controlled 40.5% of the domestic market during the period with 107 million users, while Xiaodian held 23.6%, according to research firm iiMedia Research.

Contact reporter Ding Yi ([email protected])

Previous Post

The 10 Highest-Grossing Animated Films Of All Time (According To Box Office Mojo)

Next Post

Consumer Portfolio Services (NASDAQ:CPSS) Rating Lowered to Sell at Zacks Investment Research

Next Post
Consumer Portfolio Services (NASDAQ:CPSS) Upgraded at Zacks Investment Research

Consumer Portfolio Services (NASDAQ:CPSS) Rating Lowered to Sell at Zacks Investment Research

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News

Pa. Republicans reconsider Pitt funding over fetal tissue research, college voucher program

Arthur Pharma Closes Series A Financing Round

YouTube and the Achilles Tendon: An Analysis of Internet Information Reliability and Content Quality

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2022 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2022 researchsnappy.com