In recent years, the demand for overseas energy storage market has seen an explosive growth.
According to CICC's forecast, global energy storage demand is expected to reach 189GWh in 2023, a year-on-year increase of more than 60%.
As demand in the overseas energy storage market grows stronger, domestic energy storage companies have also begun to increase their overseas business, which has ushered in rapid development in the energy storage sector. Many well-known energy storage brands have therefore been favored by capital.
Zendure received nearly 100 million yuan in A++ round financing
Recently, the overseas energy storage brand Zendure announced that it has completed a nearly 100 million yuan A++ round of financing. This round was invested by top institution Innovation Works, old shareholder Houxue Capital, and industrial investor Zhejiang Xingyue Industrial, and Potential Energy Capital served as the exclusive financial advisor.
It is understood that the funds from this round of financing will be used for Zhengtuo to deliver the industry's first balcony energy storage product SolarFlow in China and the hot-selling off-grid energy storage product SuperBaseV, as well as to continue to invest in research and development, accelerate product iteration, deepen channel construction and strengthen overseas customer service systems.
It is worth mentioning that this is not Zendure’s first round of financing.
In August 2022, Zendure completed a strategic round A financing of tens of millions of yuan, exclusively invested by energy storage industry investment institution Fenghe Capital, and Potential Energy Capital served as the exclusive financial advisor. The financing will be used for the production of new products, R&D and marketing investment.
In November 2022, Zendure completed a round A+ financing of tens of millions of yuan. The funds from this round of financing will be used to increase the production capacity of the new energy storage product SuperBase V, ensure crowdfunding and delivery through various channels, and continue to invest in research and development to accelerate product iteration and grid-connected energy storage product layout.
To date, Zendure has completed five rounds of financing.
Public information shows that Zendure was founded in 2017 and has established dual headquarters in Guangzhou, China and Silicon Valley, the United States. Since its establishment, it has been deeply engaged in household energy storage, smart home energy management systems, portable outdoor power supplies, 3C digital products and other fields.
The company has launched a number of products, such as mobile power supplies, satellite batteries, EV chargers, data cables, smart home panels, smart plugs, etc., which are very popular in the United States, Canada, Japan, and European countries such as Britain and France.
It is worth mentioning that Zendure has accumulated a large number of core users by launching crowdfunding campaigns many times to verify the market's recognition of its products.
Zendure's first hit product was the Zendure A power bank series, with a video showing that the power bank remained intact after being crushed by a 2-ton car. The product received support from over 2,000 people as soon as it was launched on the crowdfunding platform.
In September 2022, Zendure launched a global pre-sale campaign for its new semi-solid-state battery home energy storage system SuperBase V on the overseas crowdfunding platform Kickstarter. Five hours after the campaign went online, the order amount exceeded 1 million US dollars. In the end, this product received 5.39 million US dollars in crowdfunding, becoming the second highest record in the history of Kickstarter hardware category.
(Photo source: Zhengtuo official Weibo)
On April 6, 2023, Zendure launched SolarFlow, the first and only mass-produced balcony energy storage product by a domestic manufacturer. It became a hit as soon as it was launched on the market, with sales reaching 500,000 euros within 7 minutes and total orders reaching 4.54 million euros within 30 days.
The reason why Zendure has gained wide recognition from consumers is inseparable from its strong product strength and technological investment.
Zendure's products combine durability with design. They use high-quality battery cells and electronic components and are very sturdy and durable.
Different series of products can be applied to a variety of scenarios to meet the diverse needs of consumers. They can also save energy and reduce electricity costs. The products also contain multiple protection measures to ensure the safety of consumers.
Take the popular product SuperBase V as an example. This product uses a semi-solid-state battery home energy storage system with greater storage capacity and better safety. The product has dual 120V/240V outputs, dual inputs up to 6600W, ultra-fast solar charging performance, seamless UPS function, and a customizable system with a storage capacity of up to 64kWh, ensuring that you can get super charging anytime, anywhere.
The increase in product recognition has also made Zendure pay more attention to production and research and development. At present, Zendure has 76 global technology patents and is one of the few companies in the industry that has self-developed products in all areas, covering all links from BMS, PCS, embedded software, Internet of Things, cloud services, and Apps. Zendure's mobile power products have obtained many international certifications including CE, FCC, RoHS, UN38.3, etc.
It is understood that Zendure currently has nearly 200 employees, of which R&D personnel alone account for 45%.
However, it should be noted that Zendure is in a track with a wide variety of products, and the update and iteration are very fast, and the production process is very complex. This places very high demands on the brand's product research and development capabilities and industrial design capabilities. At the same time, the market competition is also very fierce. It can be said that opportunities and challenges coexist.
Multiple energy storage companies have successfully raised funds and won large overseas orders!
In recent years, the global energy storage market has experienced rapid development.
Many companies have also set their sights on this high-growth, high-profit, high-potential track and are actively accelerating their exploration of the blue ocean market. Many domestic energy storage companies have leapt to the top of the industry with their own product advantages and have gained the favor of capital.
At present, many domestic energy storage companies have completed multiple rounds of financing, and there are many investors behind them.
On May 27 this year , China National Energy Storage announced that it had completed a 1 billion yuan round A financing. It is understood that the company's cumulative public financing amount since its establishment has reached 1.66 billion yuan.
In May of this year, Maitian Energy completed a Pre-IPO round of financing of over 1 billion yuan, led by Chaoxi Capital.
In June this year , Lanhai Energy announced that it had completed a Pre-A round of financing of over 100 million yuan.
Recently, Xiamen Haichen Energy Storage officially completed its C round of financing, with a total financing amount of over 4.5 billion yuan. It is worth mentioning that the current valuation of Haichen Energy Storage has exceeded 25 billion yuan, and it has already started its listing plan.
In addition, many of the country's leading energy storage companies have signed large overseas energy storage contracts many times.
In March this year , CATL reached a 450MWh battery energy storage project supply agreement with HGP, a US battery energy storage project development company. The two parties will also establish a long-term partnership to promote the implementation of utility-level and distributed energy storage projects up to 5GWh.
In May this year , Ruipu Lanjun signed a supply agreement with Energy Vault, a US energy storage technology developer, to supply Energy Vault with 10GWh of liquid-cooled energy storage battery systems.
On June 14 and 15 of this year , Yiwei Lithium Energy announced for two consecutive days that it had signed an international procurement agreement to cooperate with two energy storage-related companies in the United States, and signed a total of over 23GWh of energy storage orders.
In general, the business development momentum in the energy storage field is positive, and household energy storage and portable energy storage continue to be hot. For sellers who have already entered the energy storage product track, if they want to achieve long-term development in the overseas market, they must focus on their own products, build their own market competitiveness in terms of brand and channels, and seize the current development opportunities. Financing Big Sell |
<<: Canada recalls three domestic child safety seats! Temu sells them
>>: A bad review costs $50! The seller revealed that he was spoofed by a competitor
SHOPYY is a product of Xiamen Zhonghengtianxia Net...
Before the National Day, the price of Matson fell...
Founded by pet owners, tfeng is committed to provi...
The distribution center is located in the concent...
Shenzhen Yafei E-Commerce Co., Ltd. was founded in...
Founded in 2017 and headquartered in Kazan, the c...
Amazon's European and American sites have see...
Because of the upcoming traditional holidays, mor...
Shenzhen Hezhuobao Finance and Taxation Consultin...
139 Express was established in July 2007. It is af...
Foreign media reported that after the pandemic, o...
Kuyousport focuses on providing cost-effective equ...
As small businesses continue to grapple with the ...
The survey found that the UK is the only country ...
Recently, Intech Medical announced its estimated ...