TELD New Energy closes RMB1.35b Series A financing round

TELD New Energy, announced the completion of a 1.35 billion yuan Series A, led by two state-owned capital firms and CDH Investments.
TELD New Energy is a subsidiary of Qingdao-based TGOOD Electric. It is a provider of new energy vehicle charging information platform focusing on the development of intelligent charging internet systems for electric vehicle groups.

TELD New Energy, announced the completion of a 1.35 billion yuan Series A, led by two state-owned capital firms and CDH Investments.

TELD New Energy is a subsidiary of Qingdao-based TGOOD Electric. It is a provider of new energy vehicle charging information platform focusing on the development of intelligent charging internet systems for electric vehicle groups.

The company is committed to building and operating the largest national vehicle charging network, providing services including charging reservation and settlement, energy consumption status, and historical operation records, etc., enabling users to quickly and easily fulfill charging needs.

TELD has obtained more than 1,200 patents and proprietary technologies such as the intelligent charging system for electric vehicle groups and is leading the development of charging technology in the world.

In addition to technological investment and data-based operations, the company’s performance has also grown steadily, with a compound annual growth rate of 160% in the past four years and a compound growth rate of more than 100% in the number of registered users.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/teld-new-energy-closes-rmb1-35b-series-a-financing-round/.

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