Power bank sharing startup Energy Monster secures USD 30M to expand to more consumption scenes, & more

Power bank sharing startup Energy Monster receives USD 30M for financing

Energy Monster

Founder: Cai Guangyuan

Founded in: 2016

Financing status: RMB 200 million (USD 30 million) for financing in 2017

Power bank sharing startup, Energy Monster, received USD 30 million on November 23 for financing to place its power bank rental machines in more consumption scenes.

Energy Monster is a power bank sharing startup that places its power bank rental machines in business stores to enable customers to easily charge their mobile phones. The company offers two versions of power bank rental machines that can be placed on tables. The older version enables users to directly charge their smartphones with charging lines, but they can not bring the power bank with them. The latest version enables users to take power banks from the rental machines, then return them on any other rental machine.

Founded in 2016 in Shanghai, Energy Monster’s services cover about one million cities in China, such as Shanghai, Beijing, Guangzhou, and so on. Additionally, it claims to have millions of users registered on its app.

Four months ago, Energy Monster secured its Series A financing round led by Xiaomi with the help of Xiaomi’s ecosystem. Energy Monster has integrated Xiaomi’s resources and technical support to expand its power bank rental services to more cities.

This new financing round was secured from a group of investors, including Hillhouse Capital Group, Shunwei Capital and Crystal Stream, as well as Bluerun Ventures and Sky9 Capital. The capital will be used to create new power bank sharing related products and services, as well as promote it in more cities.

Photo from Baidu Images.

Fresh food chain supermarket Shengxianchuanqi receives USD 30M for Series A


Founder: Wang wei

Founded in: 2015

Financing status: RMB 200 million (USD 30 million) for Series A financing in 2017

Fresh food chain supermarket, Shengxianchuanqi, received USD 30 million for Series A on November 22 for expansion plans.

Shengxianchuanqi is a fresh food chain supermarket that mainly provides customers with fresh food and kitchen merchandise. In Shengxianchuanqi’s stores, meat and poultry account for 22%, vegetables for 18%, and fruit for 20%. These three categories account for 60%, and the rest are for products for kitchen or related commodities. Besides providing customers with fresh food, the company also helps customers make better meals.

Shengxianchuanqi operates its supermarkets close to communities, on average within 60 kilometers. Most of its supermarkets cover an area of 300 square meters, with 1600 SKU (Stock Keeping Units).

Founded in 2015 in Hefei, the company has launched 34 supermarkets in China, with RMB 200 million in annual sales.

This Series A financing round was led by Sequoia Capital. The company plans to use the funds to introduce big data based technologies to facilitate its fresh food sale business, as well as open more outlets in China.

(Top photo from 699pic.com)

Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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