Cairi Energy Raises over 100 Mn in Series A

Cairi Energy has announced that it has raised more than CNY 100 million in series A financing event, which was led by Sinovation Ventures and followed by Shenzhen Cowin Asset Management. Galaxy Capital served as the exclusive financial adviser for this round of financing. The company has also received strategic support from the Three Gorges Power and Shuineng Energy Group. According to the company, this round of financing will be mainly used in product, production and sales. At the same time, the company also plans to use the existing funds to increase the investment in 3S technology, expand the overseas market and promote the upgrading of the laboratory.

Founded in 2017, Cairi Energy is a new energy company with complete energy storage system control technology and product chain. The company mainly provides comprehensive energy solutions and energy storage business for new energy power stations (photovoltaic and wind power), enterprises, industrial parks and household users. Up to now, Cairi Energy has conducted business in more than 10 countries and regions, including China, Germany, Austria and South Africa. The company displays many remarkable cases to investors, including industrial and commercial energy storage system projects for BASF, 5G base station energy storage project in Suzhou Industrial Park and 40 mW / 193 mWh super photovoltaic energy storage power station project in Gangba, Tibet.

Up to now, Cairi Energy has launched optical storage inverter and optical storage all-in-one machines in overseas markets and will increase the layout of overseas markets in the future. In terms of the team, Cairi Energy's research team has attracted more than 160 professionals, of whom more than 65% have more than 10 years of working experience in power, electronics, batteries and other industries. Founder Feng Li has worked in the new energy industry for many years and has rich experience.