EN+ Technology is a high-tech enterprise focusing on the development of charging pile equipment, technology, and operation platform. It recently completed a Series C funding round worth tens of millions of USD, led by Eaton Corporation.
EN+ Technology is a high-tech enterprise focusing on the development of charging pile equipment, technology, and operation platform. It recently completed a Series C funding round worth tens of millions of USD, led by Eaton Corporation.
China continues to build out its electric vehicle charging infrastructure at an acceleratingpace. In the first seven months of 2022, China added about 1.362 million charging piles across the country, which is a 308.3% year-on-year increase in the number of EV chargers. The massive Chinese EV charging infrastructure market size is providing unprecedented opportunities to market players.
EN+ Technology, an innovative technology company focusing on the field of EV charging, completed a Series C funding round worth tens of millions of USD recently. Eaton Corporation, a US-based international power management company, led the Series C round. EN+ will use the capital for R&D investment, improving production and manufacturing capabilities, and expanding its global layout.
Through continuous technical innovation and marketing accumulation, EN+ has grown to be a professional supplier of EV charging facilities and solutions, capable of independent development from product design to product delivery. EN+ possesses a complete product line, including portable chargers, AC chargers, DC chargers, EN-GATE (gateway) and software platform equipped with OCPP 1.6 protocol.
With powerful features and sophisticated appearance, EN+ exported its products to more than 40 countries and gained more than 48% of the European market share in the past 6 years. Additionally, EN+ puts great effort into developing power modules that suit all kinds of electric vehicles to optimize the battery charging experience.
Liu Hui, president of Eaton Electric Asia Pacific, said the investment was aligned with Eaton's long-term strategy in the energy transition sector and he was excited about the future business growth of EN+.
EN+’s competitors include ChargePoint Inc, ABB Group, BP PLC, Shell PLC, Webasto Group, Hyundai Motor Company, RWE AG, Siemens AG, and EVgo.