Electric bicycle charging service provider Xlvren receives USD 12M for Series A+
Founded in: 2015
Financing status: RMB 80 million (USD 12 million) for Series A+ financing in 2017
Electric bicycle charging service provider, Xlvren, received USD 12 million for Series A+ on October 26 for market expansion plans.
Xlvren is an electric bicycle charging service provider that develops, manufactures, and operates smart charging piles, a charging pile management platform online, and an app. It aims to build smart charging networks in cities. Electric bicycle owners can find charging piles through Xlvren’s app, charge their electric bicycles by scanning the QR code on the charging piles, and complete the payment online with a smartphone.
Founded in 2015 in Beijing, Xlvren’s electric bicycle charging service is available in more than 50 cities in China, including Beijing, Guangzhou, and Shenzhen. It mainly deploys its charging piles in communities, offices, industrial areas, and so on. The founding team is from Tencent, HUAWEI, Baidu and Meituan.
This Series A+ financing round was led by Zhejiang University’s investment unit, with Zhonghai investment and its several existing investors participating. The company plans to use the funds to accelerate the research and development of products, as well as deploy its charging piles to more cities across China.
Big data service provider Citycloud International receives USD 30M for Series B
Founded in: 2012
Financing status: RMB 200 million (USD 30 million) for Series B financing in 2017
Big data service provider, Citycloud International, received USD 30 million for Series B on October 26 to build a smart city ecosystem.
Citycloud International is a big data service provider that specializes in cloud computing and big data technologies. It aims to provide cities and enterprises with a high-quality, convenient and reliable big-data cloud services based on the integration of big data technology with traditional modes, to reshape the traditional industries with new elements and advanced technologies.
It has a big data operation platform for data-intensive industries such as the financial and service sectors based on a mass data processing engine and a real-time data processing engine; a customer-oriented cloud computing system to assist service providers; a cloud service with cloud application services for its users, including collaboration cloud services, cloud services for SMEs, and cloud services for smart communities; and, lastly, a model of “Cloud+Industry” that supports traditional industries with innovative business models and market opportunities.
Founded in 2012 in Hangzhou, the company now has subsidiaries in Hong Kong, Beijing, Guangzhou, Shanghai, and Chengdu. It is working with its partners to build smart communities and cities to facilitate innovation.
This new financing round was led by Country Garden, a developer and operator of residential communities, and Cisco, an IT industry service provider. The capital will be used to integrate its cloud smart city solutions with more communities and cities.
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