Destination charger provider and operator HooEnergy has gained a cumulative financing of CNY 240 million this year, which is primarily used for business layout and market expansion.
Recently, destination charger provider and operator HooEnergy (Chinese: 汇充电) announced that it has gained a cumulative financing of CNY 240 million (USD 33.6 million) this year, including equity financing from Haier Capital (Chinese: 海尔资本) and Zhishu Private Equity Investment (Chinese: 智数资本), as well as debt financing from Jiangsu Bank (Chinese: 江苏银行) and Industrial Bank (Chinese: 兴业银行).
The funds raised will be used to support the urban infrastructure construction, business layout and market expansion.
HooEnergy, founded in 2016, is a destination charging solution supplier and charger operator, providing integrated charging solutions and services for car owners, property management enterprises and operating partners.
Distinguished from on-road chargers, destination chargers provide a comparatively slow charge. Still, they are convenient because they tend to be at hotels and resorts where drivers might park their cars overnight.
Equipped with ARM architecture and Linux kernel for charging pile, HooEnergy supports various remote program development and is more suitable for downstream scenarios of destination charging. Currently, HooEnergy operates more than 40,000 charging terminals in 25 cities across the country.
In the future, HooEnergy will continue focusing on the destination charging service, building up its own differentiation advantage.