Investors in China have pumped in lots of money into power bank rental startups in the last three months, but will power bank rentals be the next big thing in the “sharing economy”? Here is a summary of the top financing rounds made in this sector.
Power bank rental startup Xiaodian receives USD 51 million for Series B
Xiaodian
Founder: Tang Yongbo
Founded in: 2016
Financing status: RMB 350 million (USD 51 million) Series B financing in 2017
Xiaodian received USD 51 million for its Series B financing round to launch its power bank rental services in 25 cities, and improve its investment in the development of technology to enhance the user experience for payment, and to try to make profit in advertisements on its power bank machines.
Power bank rental startup Ankerbox receives millions in USD for Series A
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Screenshot from Jiediankeji.com Ankerbox
Founded in: 2015
Financing status: Close to RMB 100 million (USD 14.5 million) in 2017 Series A round
Power bank rental startup Ankerbox secured its USD 14.5 million Series A financing round to expand its business to new cities.
Power bank rental startup Laidian receives USD 20 M for Series A
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Laidian
Founder: Yuan Bingsong
Founded in: 2014
Financing status: RMB 138 million (USD 20 million) Series A financing in 2017
Laidian received USD 20 million for its Series A round to set up more power bank rental terminals in new cities.
Power bank rental startup Xiaobanchongdian receives USD 2 M in angel round
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Photo from Baidu images
Xiaobanchongdian
Founder: Li Yimin
Founded in: 2017
Financing status: Angel round of RMB 15 million (USD 2 million) in 2017
Xiaobanchongdian secured its angel financing round of USD 2 million for recruitment and manufacturing more power banks.
Powerbank rental startup Guaishou Chongdian receives millions in USD for angel round
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Photo from 58pic.com Guaishou Chongdian
Founder: Cai Guangyuan
Financing status: Tens of millions in RMB (a few million USD) for angel round in 2017
Guaishou Chongdian received an undisclosed angel financing round in millions of USD to place tens of millions of power banks in its partner’s stores to quickly capture market share.
Power bank rental startup Yunchongba receives USD 3.6 M for Series A
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Screenshot from Yunchongba.com
Yunchongba
Founder: Lei Yun
Founded in: 2015
Financing status: RMB 25 million (USD 3.6 million) Series A financing in 2017
Yunchongba landed USD 3.6 million for its Series A round to fix power bank rental outlets onto vending machines to increase its exposure to customers.
Power bank rental startup Hidian receives millions in USD for angel round
Hidian
Founder: Liu Wenyuan
Founded in: 2016
Financing status: Tens of millions in RMB (a few millions USD) for angel round in 2017
Hidian secured its undisclosed angel round of a few million USD to deploy more power banks in Shanghai. It aims to place 10,000 power banks in Shanghai by end May.
Power bank rental startup Mopo receives undisclosed angel round in millions of USD
Mopo
Founder: Ou Yangyang
Founded in: 2017
Financing status: Angel round amounting to tens of millions in RMB (a few millions in USD) in 2017
Mopo closed its undisclosed angel round amounting to millions in USD to expand its team and develop new power bank rental outlets, and also place its power bank rental outlets in more of its partners’ stores.
Here’s our analysis： Are power bank rentals just a price bubble in China?
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(Top photo from Pixabay.com)
