Baobi New Energy Officer announced the completion of A3 and A4 rounds of financing, with a cumulative financing of more than 1.5 billion during the year.
DATE:  Dec 12 2023

Huaxia energy network (public number hxny3060) learned that recently, Hefei baobi new energy technology co., ltd. (hereinafter referred to as "baobi new energy") announced the completion of A3 and A4 rounds of financing, with GLP and Xin jointly forming the lead investment, ao Niu capital following the investment, and the old shareholders huamei investment group, weilai capital and zhong ding capital continuing to over-raise.

Baobi New Energy said that since the beginning of this year, the company has completed four rounds of financing and has received a total of about 1.5 billion yuan in investment support. As a result, Baobi New Energy has also created a new record of the company's shortest time to obtain the most industrial capital investment. At the same time, the investors of Baobi New Energy have also gathered a number of leading enterprises and industrial capital shareholders in the fields of photovoltaic industry chain, energy storage batteries, new energy vehicles and global real estate management platform.

Established in June 2022, Baobi New Energy focuses on the development, investment and operation of new energy projects. The reason why the company is concerned by the industry is mainly due to the fact that it is a new energy enterprise incubated by the "Poly Country Garden Industry Chain Empowerment Fund" jointly initiated by Poly Capital and Country Garden Venture Capital.

Baobi New Energy currently focuses on three major directions: the development and investment of distributed optical storage and charging assets.

since the second half of this year, bauble's new energy power station development and new energy asset development have entered a period of rapid development-Guiyang Geely automobile 21MW roof distribution, Shagang manganese 5.4MW roof distribution, Huizhou boluo xinfeng pharmaceutical 2.5MW roof distribution, youran animal husbandry 5.7MW roof distribution, Shenyang shuanghui food 4.6MW roof distribution and Yichang Dangyang huaqiang chemical 37.8MWh user side energy storage projects have started one after another, its business also covers 31 provinces and cities across the country.

Li Wenxuan, chairman of Baobi New Energy, previously disclosed that from its establishment in June 2022 to early September 2023, the company has accumulated more than 1GW of underlying core assets.

Perhaps thanks to the rapid growth of the new energy business, Baobi New Energy is favored by capital.

in February this year, Baobi new energy realized the financing of 0.5 billion yuan for the first time. investors include huamei international, weilai capital, zhong ding capital, star airlines capital, small dining table venture capital, several listed companies at the head of photovoltaic industry chain, Shanghai yilian (SH:600836), etc. Poly Capital and Guiyuan Venture Capital's Baobi Fund as the initiator of the shareholders of the current round of continuous investment.

in June, the company once again completed round a financing of 0.5 billion yuan, which was jointly invested by several listed companies and industrial capital in the new energy industry chain such as hengxin huaye, xinwangda (SZ:300207), shangtang guoxiang capital and yuneng technology (SH:688348). Poly Capital and Guiyuan Ventures funds, Huamei International, Zhongding Capital and other continued to invest.

eye check information shows that in August, baobi new energy also carried out round a financing, with investors including sanhetai stock investment, weilai capital, zhong ding capital, star airlines capital, poly capital, fanchuang capital, renfa investment, etc.

For the company's next development, Baobi New Energy said that it plans to use data collection, model training, intelligent scheduling and other means to expand more business varieties, including virtual power plants, to build an energy aggregation platform, and to help more enterprises meet their electricity demand through intelligent data application.

(please indicate the source for reprinting, source: Huaxia energy network, micro signal: hxny3060)

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