China's leading battery swap technology and station operator
Swap Stations
800+
Across China
H1 2025 Revenue
RMB 324M
Growing rapidly
Swap Time
~3 min
Per vehicle
IPO Status
HK Filing
Filed Dec 2025
Total raised: ~$268M
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Series A | 2019 | — | — | NIO Capital |
| Series B | 2021 | — | — | SoftBank Vision FundNIO CapitalSamsung Venture Investment |
| Series C | 2023 | — | — | SoftBankSamsung Ventures |
| Feature | Details |
|---|---|
| Core Service | Automated battery swap for passenger EVs |
| Swap Time | ~3 minutes per vehicle |
| Stations | 800+ across China |
| Compatibility | Multi-brand compatible swap platform |
| Technology | Automated robotic swap with cloud management |
| Battery Standard | Standardized battery packs for cross-brand use |
Co-located battery swap stations at Sinopec fuel stations
NIO Capital invested; battery swap technology collaboration
Battery swap integration for BAIC electric vehicle models
Partnership to develop swap-compatible EV platforms
Vision Fund investment across multiple rounds
Established in Shanghai to develop battery swap technology for EVs
SoftBank Vision Fund leads Series B funding round
Battery swap network crosses 500 stations across China
Network expands to over 800 battery swap stations
First-half 2025 revenue reaches RMB 324 million
Files for Hong Kong IPO to fund further expansion