Bubi New Energy officially announced the completion of the A3 and A4 rounds of financing, with a cum

Mondo Technology Updated on 2024-01-29

Huaxia Energy Network learned that recently, Hefei Baobi New Energy Technology Co., Ltd. (hereinafter referred to as "Baobi New Energy") announced the completion of A3 and A4 rounds of financing, led by GLP and Xinlian Integration, followed by Aoniu Capital, and the old shareholders Huamei Investment Group, Weilai Capital, and Zhongding Capital continued to over-invest.

Bubi New Energy said that since the beginning of this year, the company has completed four rounds of financing, and has received a total of about 1.5 billion yuan of investment support. As a result, Bubi New Energy has also set a new record for the company to receive the largest amount of industrial capital investment in the shortest period of time since its establishment. At the same time, the investors of Bubi New Energy have also gathered a number of leading enterprises and industrial capital shareholders in the fields of photovoltaic industry chain, energy storage batteries, new energy vehicles and global real estate management platforms.

Founded in June 2022, Bubi New Energy focuses on the development, investment and operation of new energy projects. The reason why the company has attracted the attention of the industry is mainly due to the fact that it is a new energy enterprise incubated by the "Poly Country Garden Industrial Chain Empowerment**" jointly initiated and established by Poly Capital and Country Garden Venture Capital.

At present, Bubi New Energy focuses on three major directions: the development and investment of distributed optical storage and charging assetsO&M services for optical storage and charging assets and energy-saving transformation of equipment;Based on the above, the integrated energy management system, virtual power plant and distribution and sales services, carbon data and carbon asset management are derived.

Since the second half of this year, the development of new energy power stations and new energy assets has entered a period of rapid development - Guiyang Geely Automobile 21MW rooftop distribution, Shagang Manganese Industry 54MW rooftop distributed, Huizhou Boluo Xinfeng Pharmaceutical 25MW Roof Distributed, Youran Dairy 57MW rooftop distributed, Shenyang Shuanghui Food 46MW rooftop distributed and Yichang Dangyanghua Reinforcement 378MWh user-side energy storage and other projects have started one after another, and its business has also spread to 31 provinces and cities across the country.

Li Wenxuan, chairman of Bubi New Energy, previously revealed that from its establishment in June 2022 to early September 2023, the company has accumulated more than 1GW of underlying core assets.

Perhaps benefiting from the rapid growth of the new energy business, Bubi New Energy is favored by capital.

In February this year, Bubi New Energy raised 500 million yuan in its first external financing, with investors including Huamei International, NIO Capital, Bell Capital, Star Airlines Capital, Xiaofan Table Venture Capital, a number of leading listed companies in the photovoltaic industry chain, Shanghai Yilian (SH:600836), etc. Poly Capital and Country Garden Venture Capital's Baobi **, as the initiating shareholders, continued to follow in this round.

In June, the company once again completed a 500 million yuan A+ round of financing, which was jointly invested by Hengxin Huaye, Xinwangda (SZ:300207), SenseTime Guoxiang Capital, Yuneng Technology (SH:688348) and other listed companies in the new energy industry chain and industrial capital. Poly Capital, Country Garden Venture Capital**, Huamei International, Bell Capital, etc., continue to invest.

Tianyancha information shows that in August, Baobi New Energy also carried out an A++ round of financing, with investors including Sanhetai Stock Investment, Weilai Capital, Zhongding Capital, Xinghang Capital, Poly Capital, Fanchuang Capital, Renfa Investment, etc.

For the company's next development, Bambi New Energy said that it plans to use data collection, model training, intelligent scheduling and other means to expand more business varieties, including virtual power plants, build an energy aggregation platform, and help more enterprises meet their electricity needs through intelligent data applications.

*Please indicate the source, article**: Huaxia Energy Network, **hxny3060).

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