EqualOcean learned that the lithium battery industry leading Internet platform "Phoenicia"（菲尼基） recently successfully obtained nearly CNY tens of million in Pre-A round of financing, the financing of investors including Jiyuan Wanyang New Energy（济源万洋新能源） and individual investor Wu Jie（伍杰）.
Founded in 2019 and headquartered in Shenzhen,Phoenicia Technology focuses on covering the entire industrial chain of low-speed lithium batteries. It is also a Technologically Advanced Small and Medium-sized Enterprises in Shenzhen. The company's main business is to provide products and services for low-speed power swapping business for upstream and downstream manufacturers in the lithium battery industry chain. Phoenicia is currently the only service provider in the industry that can provide intelligent BMS, intelligent power swap cabinets and a digital operation platform for the entire life cycle of lithium batteries, providing integrated solutions for different links in the entire industry chain.
EqualOcean checked the company's official website and found that Phoenicia currently has more than 50 employees, of which 80% are technicians. The technical team covers professional backgrounds in the fields of electrochemistry, software, Big data, communications, electronic information and Internet of Things , and has more than 8 years of experience in the field of new energy . The founder, Jing Li, has served in a number of new energy-related Listed Companies in the past as executives, and has also successfully founded Hubei Xiaohongsan New Energy（湖北小红伞新能源科技有限公司）, achieving CNY 50 million revenue in its first year.
At present, Phoenicia has launched business layout in the fields of short-distance distribution and power exchange services for riders, short-distance travel and power exchange services for citizens, portable energy storage and home energy storage services. Phoenicia has provided services to more than 100 companies, including battery cell plants, PACK plants, power exchange operators and echelon utilization and recycling companies, solving more than 1,200 pain points. Phoenicia Technology has also extended its services to overseas energy storage companies, and has now undertaken 3 energy storage service projects for overseas markets.
From the perspective of global lithium-ion battery production capacity, it has exceeded 2000GWh as of 2022, and is expected to maintain a 33% compound annual growth rate in the next four years, and is expected to reach a production capacity of more than 6300GWh in 2026. Chinese companies have absolute advantages in the field of lithium batteries, including CATL（宁德时代）, BYD（比亚迪）,EVE Energy（亿纬锂能）, Gotion Hi-Tech（国轩高科）, Great Power Energy And Technology（鹏辉能源）, Sunwoda Electronic（欣旺达） and CALB（中航锂电）. With the continuous growth of the global lithium battery market, lithium battery power exchange platform services will become an important growth point in the future.
EqualOcean learned that as of July 2023, Phoenicia has served more than 250,000 batteries, more than 10,000 power exchange cabinets, more than 400,000 users, and completed more than 39 million power exchanges, covering more than 260 cities. In just four years, Phoenicia's annual revenue has grown from nearly CNY 10 million to more than CNY 50 million in the first half of this year. The annual revenue in 2023 is expected to double, and the revenue target in 2024 is to achieve threefold growth.
The financing funds will be used to increase technology research and development and market expansion.