Mic-power, a leading solutions provider of small lithium polymer rechargeable batteries used in smart wearable and TWS-class audio devices, bagged a B-round financing led by CITIC Goldstone.
Recently, Mic-power (Chinese: 微电新能源) announced via its official WeChat account that the company successfully raised funds from a B-round financing led by CITIC Goldstone (Chinese: 中信金石). The investment will be used for R&D and business expansion for Mic-power.
As a technology-driven company striving to provide the world’s most advanced rechargeable batteries, Mic-power is a leading solutions provider of small lithium polymer rechargeable batteries used in smart wearable and TWS-class audio devices.
The company holds a portfolio of patents for standard battery models, which include coin cell, cylindrical cell, pin cell and surface mount technology cell batteries. Mic-power's fully automated manufacturing infrastructure can produce 500,000 batteries per day while ensuring quality through automation and testing. In addition, the company can help design and quickly produce sample batteries in small quantities for prototyping.
Mic-power puts high emphasis on its corporate social responsibility. The company utilizes state-of-the-art, ISO14000-compliant air management systems to promote the protection of the environment and employees.
Looking into the future, Mic-power wishes to file for IPO by 2025, eventually leading the development of the lithium battery industry and realizing mutual prosperity.