Drawing upon its success in China's EV charging services market, the charging service provider has embarked on a global expansion journey proactively since this year.
NaaS Technology Inc. (NAAS:NASDAQ), the first U.S. listed EV charging service company in China, announced that LMR Partners Limited completed the purchase of the USD 40 million convertible note from the Company, convertible into American depositary shares representing the Company’s ordinary shares, on September 5, 2023 pursuant to the convertible note purchase agreement and the derivative arrangement entered into between the parties as previously announced on August 31, 2023.
NaaS is capable of providing one-stop services for the whole industry chain, including charging station siting and consulting, EPC engineering, operation and maintenance, energy storage, photovoltaic, and automated charging robots, etc., so as to improve the efficiency of the industry through application of digital technology and artificial intelligence (AI).
In the first quarter of 2023, charging volume transacted through NaaS' network reached 1,023 GWh, representing 21% of the nation’s total. As of March 31, 2023, the company's extensive network has connected over 55,000 charging stations covering over 350 cities.
Drawing upon its success in China's EV charging services market, NaaS has embarked on a global expansion journey since this year. In June, NaaS announced it has entered into a definitive agreement to acquire 89.99% of the issued and outstanding shares of Sinopower HK, the preeminent one-stop solar PV service provider in Hong Kong, to move a step further towards its integrated photovoltaic and energy storage strategy. Previously on August 22nd, NaaS unveiled plans to fully acquire the Sweden-born leading EV charging solutions provider Charge Amps for SEK 724 million (USD 66.4 million), a landmark deal positioning the company to make significant strides into Europe and the broader global energy market.
NaaS is also active in cooperation with companies within the industrial ecosystem. It has teamed up with Hyundai Motor Group (China), to develop one-stop efficient charging management service for Hyundai car owners, and cooperated with CR Capital MGMT for joint initiatives encompassing the incubation, investment and operationalization of digital and intelligent applications within the realm of new energy. NaaS has also reached a collaboration with PICC Real Estate, a subsidiary of PICC Investment Control, in the integration of charging infrastructure investment, construction and operation, as well as co-branded station building, online interconnection and comprehensive insurance, etc., to help boost the new energy charging service ecosystem.