Mirattery, the battery asset operator of Nio (NYSE: NIO), has announced that one of its founding shareholders, Hubei Science Technology Investment, has increased their investment in the company’s Series C round of financing. This news comes on the heels of Mirattery’s recent partnership with CATL, another founding shareholder, which involved an equity investment.
The company made the announcement in a statement today, alongside the signing of two new partnership agreements. Mirattery expressed gratitude for the continued support of its investors, emphasizing that their business development is gaining momentum.
While specific details about the Series C financing were not disclosed, including the start date, amount raised, and closure status, Mirattery did reveal that the funding round is well underway. This latest round of financing will undoubtedly fuel the company’s growth and expansion in the battery asset management space.
In addition to the financing news, Mirattery also solidified strategic partnerships with Hubei Science Technology Investment and Wuhan Optics Valley Intelligent Manufacturing Industrial Park Construction and Service Center. These agreements will focus on enhancing collaboration in battery asset management, industrial investment, and capital markets.
The signing ceremonies for these partnerships were attended by Mirattery’s chairman, Stanley Qu, CEO Lai Xiaoming, and local officials. Qu, who also serves as Nio’s CFO and head of Nio Power, brings a wealth of experience and expertise to the table.
Hubei Science Technology Investment has been a key player in Mirattery’s journey, providing essential support and guidance as a founding shareholder. Together with other investors like CATL, Nio, and Guotai Junan, Mirattery has established itself as a leader in battery asset management.
Since its inception in August 2020, Mirattery has managed over 27 GWh of battery assets and served a vast user base of over 350,000 customers. The company’s focus on innovation and customer service has been a driving force behind its success.
In a strategic move earlier this month, Mirattery announced a partnership with CATL, which includes equity investment, battery rental service operations, user services, and the joint construction of battery swap networks. This collaboration further solidifies Mirattery’s position in the rapidly evolving battery market.
Overall, Mirattery’s recent developments underscore its commitment to growth, innovation, and strategic partnerships in the battery asset management sector. With strong investor support and a clear vision for the future, Mirattery is poised to continue its upward trajectory in the industry.
