Yipeng Energy, a developer, manufacturer, and marketer of high powered lithium batteries, raised CNY 180 million recently. The investment willl be used for constructing a manufacturing base in Zibo Economic Development Zone and expanding the sales scope of company products.
On December 5th, Huizhou Yipeng Energy Technology Co., Ltd (Chinese: 亿鹏能源) (hereinafter referred to as Yipeng Energy) announced that the company accomplished a new round of financing of CNY 180 million (USD 26 million), co-led by Yingke Capital (Chinese: 盈科资本) and Zibo Economic Development Zone Industrial Fund (Chinese: 淄博经开区产业基金).
The funds raised will be primarily used for the company's manufacturing base construction in Zibo Economic Development Zone and further expansion of Yipeng Energy's sales scope.
Founded in 2014, Yipeng Energy is a high-tech enterprise which has been dedicated to R&D, manufacturing, sales and services for NEV lithium batteries and lithium batteries for energy storage systems. Among which, Yipeng Energy's high-powered batteries focus on applications towards hybrid commercial vehicles, fuel cells and fast-charging electric vehicles. Up until now, the company has had stable customer bases in lithium power batteries and civil energy storage.
The company adheres to the development concept of "green energy drives future development", and is committed to providing customers with reliable green energy.
Yingke Capital stated that Yipeng Energy has established key competitive advantages in technology and has formed rich client resources. In the future, Yipeng Energy will continue to focus on areas including mining trucks, heavy trucks and engineering vehicles.