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February 18, 2019

Alliance Ventures invests in PowerShare charging platform

Renault-Nissan-Mitsubishi's Alliance Ventures has unveiled a new investment in PowerShare, an electric vehicle (EV) charging platform start-up based in China.

By Rhodri Morgan

Renault-Nissan-Mitsubishi’s Alliance Ventures has unveiled a new investment in PowerShare, an electric vehicle (EV) charging platform start-up based in China.

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PowerShare provides an online platform connecting EV drivers, charge point operators and power suppliers to streamline the charging experience. It offers a cloud-based system, enabling suppliers to monitor demand from vehicles with supply capacity of the grid and drivers to find available charging stations.

PowerShare is the most recent addition to the Alliance Ventures portfolio in the field of early-stage development and entrepreneurs of next-generation systems for the automotive industry.

“A solid infrastructure network must be established to accelerate the deployment of EV and new mobility services and we expect Powershare’s technology to help make that happen,” said Alliance Global VP, Ventures and Open Innovation, François Dossa,

“Additionally, PowerShare’s base in China aligns with our strong focus on the market as a strategic hub.”

For his part, PowerShare founder and CEO, Ethan Zhu added: “As a technology-based start-up with a focus on electric vehicle charging, PowerShare has accumulated rich experiences in this field through in-depth cooperation with domestic and foreign automobile manufacturers, charging operators and charging pile manufacturers over the past four years.

“This investment from Alliance Ventures will enable us to go farther and faster in expanding markets, developing core technologies, and exploring new business models in the global e-Mobility business. We look forward to working closely with Renault-Nissan-Mitsubishi as PowerShare grows.”

The investment in PowerShare follows ten other Alliance Ventures investments, including start-ups based in North America, Europe and China, all with a focus on contributing to the future of mobility.

PowerShare, established in 2015, is an Internet of Things technology-based company providing services in the field of eMobility. Equipped with know-how in charging infrastructures in China and industry-comprehensive businesses, PowerShare provides access to charging stations via SaaS Platform service.

Based on PowerShare’s Charging Platform and Algorithm, the company brings solutions and technologies into EV features for eMobility. PowerShare’s investors include Renault-Nissan-Mitsubishi, BP, and Detong Capital.

Financial terms of the PowerShare investment have not been disclosed.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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