Electric vehicle charging company completes three financing rounds in nine months
NANJING, China, November 24, 2021 / PRNewswire / – YKC Clean Energy Technologies (YKC Charging), a leading Chinese provider of electric vehicle charging and energy management services, recently announced the completion of its Series B3 financing with the investment from leading smart device maker OPPO, closing three major funding rounds in just nine months following investments from CATL and NIO Capital.
YKC Charging is one of the pioneers in the Chinese electric vehicle charging industry and one of the few Chinese internet companies with both technical expertise and an open attitude to collaboration with other industry players. . Since 2016, YKC Charging has built the largest third-party electric vehicle charging SaaS platform in China. Through October 2021, YKC Charging served some 2,800 charging station operators while the number of directly connected charging stations exceeded 140,000, paving the way for the industry in terms of scale and resilience.
YKC Charging has made it a mission to focus on electric vehicle charging and energy management with the ultimate goal of becoming an integrated energy management service provider with deep commitment to the infrastructure sector. charging through collaboration with industry partners. To this end, the company, in cooperation with local governments and companies across the industrial chain, created the industry’s first peak carbon and neutrality fund while creating cutting-edge products and services. with applications in the fields of software, finance, energy. carbon storage and trading sectors, as well as the provision of operation and maintenance services through cooperation with upstream and downstream suppliers. This recent investment demonstrates the great recognition by OPPO of the well-defined strategies, cooperative philosophy and efforts of YKC Charging to help achieve peak carbon and neutrality goals.
Notably, YKC Charging had completed several rounds of strategic financing before the financing of the B3 series. Investors included leading logistics provider GLP, battery giant CATL and NIO Capital. These investments have brought together several key elements, including load scenarios, technologies for load equipment, traffic sources and industrial capital. According to the information available, OPPO has successively deployed several intelligent mobility solutions since the start of the year. In response to the country’s peak carbon and neutrality goals, the smartphone maker has chosen to invest and establish a strong alliance with YKC Charging to create synergies by leveraging their respective advantages. OPPO plans to work with YKC Charging to continue the integration of in-car infotainment (IVI) and connected charging stations. The collaboration between the two companies is expected to facilitate innovation across the industry by leveraging their respective skills in technology, thus opening up more opportunities for themselves and others in the industry.
About YKC recharge
Founded in 2016, YKC Clean Energy Technologies (YKC Charging), one of China’s leading providers of electric vehicle charging and energy management services, has built the largest IoT SaaS charging platform in China, with activities covering more than 320 cities and serving more than 2,800 charging station operators. Based on an open ecosystem of cooperation with third-party platforms, YKC Charging provides comprehensive SaaS-based charging solutions to charging station operators, easy-to-use and efficient integrated charging management solutions for fleets and logistics providers, and reloading scenarios linked to operations. and software services to government agencies and corporate clients. In October 2021, the company created the first fund in the charging infrastructure sector to focus on peak carbon and carbon neutrality in concert with local governments and companies across the industrial chain, with the intention of create the country’s largest charging network for logistics and utilities while actively investing in and building integrated charging stations to recharge storage.
SOURCE YKC Clean Energy Technologies (YKC loading)