Chuangyebang was informed that recently, Shenzhen E-motor Technology Co., Ltd. (hereinafter referred to as E-motor Technology) announced the completion of the C2 round of financing, with a financing amount of several hundred million yuan. This round was jointly led by Yuecai Fund, Petroleum Authority of Thailand (“PTT”), and Petronas Malaysia (“PETRONAS”), followed by Qulian Technology, Japan’s SMBC Trust Bank, Qingdao Yongwan Asset Management Group and other veterans. Shareholders continue to overweight. This round of financing will be mainly used for innovative technology research and development, new product development, international/domestic market expansion, and the construction of city-level energy networks.
As the lead investor in this round of investment, Guangdong Finance Fund is directly controlled by the Guangdong Provincial Government, and the Provincial Department of Finance performs its investor responsibilities. It is the provincial trustee management institution with the largest scale of financial funds and the largest number of funds in Guangdong. Hua Yunyu, the person in charge of this investment project of Yuecai Fund, said, “E-Motor is a leading enterprise engaged in the two-wheel power exchange business in Guangdong Province. On the other hand, it is of high social value and significance for people’s livelihood to provide convenient and down-to-earth services for delivery boys.”
Easy Motor Technology was established in 2015. In 2018, we saw that the domestic Volkswagen has more than 300 million units, and nearly 10 million units of two-wheeled electric vehicles in the livelihood industries such as express delivery and food delivery are just needed to replenish electricity. A green and smart energy network integrating power cabinets, energy management systems, APPs and big data platforms” quickly deploys two rounds of electricity swap business. Since its development, it has covered more than 60 cities across the country, including all super-first-tier cities, first-tier cities and some second-tier cities. The cumulative number of service users has reached one million, and the total number of battery replacements has exceeded 300 million. It has become a leader in the battery replacement industry.
“The development and changes of the power exchange industry in recent years have been very fast. In more than four years, we have gone through the development path of the traditional industry for more than ten years. During the process, we have been very persistent in technology research and development, from driving the rise of the entire two-wheel power exchange industry. From the beginning to the present, through the safe and efficient power exchange service, it has realized the full-link empowerment of the real-time distribution and the logistics industry, and promoted the standardization process of the battery industry and the development of the battery recycling industry. Said, all have significant significance.” Huang Jiaxi, founder of Yi Motor Technology, said.
It is reported that not long ago, Yi Motor Technology cooperated with the investor and domestic blockchain unicorn enterprise Qulian Technology to launch the world’s first blockchain power exchange SaaS platform. Power exchange officially ushered in the era of “on-chain” power exchange. The problem of “information reliability and trust” has been solved, and the financial solution for service battery swap products will usher in an opportunity; signed a cooperation with Yinchuan Urban Investment on the “Small Vehicle Green Energy Charging and Swapping Construction Project” to implement green energy charging and swapping of city-level small vehicles The low-carbon, inclusive and smart travel solutions in the sector have been upgraded from a decentralized energy management model to a structural and systematic urban energy management system, and have also explored a new path for C-side power exchange.
Talking about the profit model of battery swapping, Hua Yunyu believes, “From a commercial point of view, the intensive use of batteries and the rational management of peaks and valleys of electric energy use through the battery swap model can achieve better performance on the basis of economies of scale. commercial benefit.”
Huang Jiaxi revealed, “E-motor technology is based on the experience and accumulation of domestic power battery research and development and power exchange services, and multiple lines are running in parallel. With the help of two new investors, PTT and PETRONAS, it is actively exploring overseas markets. With PTT’s first The first-phase cooperation products will be delivered in mid-2021 and have received positive feedback in Thailand; the second-phase products will also be delivered on a large scale within the year. This series of products will lay a solid foundation for us to develop the global market for electrification of two-wheeled motorcycles .”
As for the next plan, Huang Jiaxi said that in addition to vigorously expanding the international battery swap market, he plans to launch a new generation of battery swap products for the domestic two-wheeler battery swap market, as well as new consumer-grade products for global consumers. Consolidate and optimize the layout and services of the two-round power exchange, and on the other hand, expand the service capacity to enhance our role in the dual-carbon construction. “We want to use our technology, products and channel advantages to do more things in the field of small new energy, from photovoltaics, energy storage, charging and swapping, portable power supply and other different sub-sectors.” He said.
Regarding the issue of listing, Huang Jiaxi responded that Yi Motor Technology is open-minded, and is currently considering plans in the capital market, and will disclose it to the public when the time is right.
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