Less than a year from CNY 1.5 billion Series B round fundraising, the Series C round that is going to launch implies the burning hot of the battery changing mode and the fast development of Aulton.
“The company's Series C funding round will be launched soon, and the IPO preparation has begun to promote." Says Huang Chunhua, PR manager and general manager of East Region of Aulton in May 11.
“Top tier energy capitals, industrial fund, cooperative partner enterprises of industrial chain are highly attending and ready to engage in the investment. Investors are optimistic of the future of Aulton and battery changing.”She added.
Aulton completed Series B round strategic fundraising in November 2021, bagged CNY 1.5 billion (USD 221 million)，the investment was led by Guangjin Fund and Haihe Equity Investment Fund(backed by Sinopec) and followed by other four institutions.
Aulton is top-tier company in battery changing area, the number of launched swapping center is over 610 in 36 cities across the country.
Since 2021, corresponding to policy calling of“Ministry of Industry and Information Technology of the first batch of pilot cities for battery swapping, through franchise, Aulton carried out battery swapping service for operating vehicles like taxis or online ride-hailings. Currently, Aulton is proceeding the R&D of swapping stations and vehicles of other types, including heavy and light truck or micro van. Aulton aims to form a battery swapping eco including automobile development, station operation, station franchiseand battery bank and so on, plans to launch globally by the end of 2022.
“In the second half of this year, Aulton will release a new generation of battery changing station, and the company's operating mode will also incline from to B to to C.”Huang Chunhua said.