NewLink Group Wins E2 Rounds of Strategic Investment, Shareholders Include NIO, Xiaomi
NewLink Group, or NewLink, an energy industry Internet company, announced that it had obtained strategic financing led by the International Green Fund and Shandong Hi-Speed Group (SDHS, its controlling shareholder is a wholly state-owned large enterprise group in Shandong Province). The specific amount has not been disclosed.
NewLink Group was established in May 2016 and covers more than 1,800 cities across the country. It has six products: Tuanyou Fleetin, Kuaidian Fleetin, NewLink Cloud, NewLink Logistics, NewLink Integrated Energy Port and NewLink Smart Power. Among them, Tuanyou Fleetin links together 25,000 gas stations; Kuaidian Fleetin covers 700,000 charging piles, and Nenglian Cloud has 18,000 energy port SaaS.
Among all of these products, NewLink Logistics is an integrated solution provider of the energy supply chain, which connects refineries, hazardous chemical logistics, oil depots and oil stations. The company is able to coordinate a “delivery-like” oil calling service with a single click and visually track the transportation process of oil products and reduce the vacancy rate of hazardous chemicals transportation vehicles.
As for Kuaidian Fleetin, this platform connects different brands of new energy operators so that car owners can quickly find a functioning charging pile and then be able to scan the QR code for charging with one click. Kuaidian Fleetin provides operators with online operation services such as traffic management while also prodiving landing services such as inspection, operation and maintenance, etc. This integration of services aims to improve the utilization rate of charging piles and shorten the return on investment period.
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At present, the shareholders of NewLink also include China Merchants Capital, CICC Capital, National SME Development Sub-fund, Bain Capital, CMB International, Joy Capital, Aplus Capital Guodiao Hongtai, Xiaomi Group, Oriental Fortune Capital, NIO Capital, KIP China, GSR United Capital, Zero2IPO Asset Management, and others.
In this investment round, the International Green Fund was established through the cooperation of CICC Capital and Shandong Development & Investment Holding Group Co., Ltd., and jointly supported by the Asian Development Bank, KFW, AFD, the United Nations Green Climate Fund (GCF) and Contemporary Amperex Technology Co., Limited.
