Investors in China have pumped in lots of money into power bank rental startups in the last three months, but will power bank rentals be the next big thing in the “sharing economy”? Here is a summary of the top financing rounds made in this sector.
Power bank rental startup Xiaodian receives USD 51 million for Series B
Founder: Tang Yongbo
Founded in: 2016
Financing status: RMB 350 million (USD 51 million) Series B financing in 2017
Xiaodian received USD 51 million for its Series B financing round to launch its power bank rental services in 25 cities, and improve its investment in the development of technology to enhance the user experience for payment, and to try to make profit in advertisements on its power bank machines.
Power bank rental startup Ankerbox receives millions in USD for Series A
Founded in: 2015
Financing status: Close to RMB 100 million (USD 14.5 million) in 2017 Series A round
Power bank rental startup Ankerbox secured its USD 14.5 million Series A financing round to expand its business to new cities.
Power bank rental startup Laidian receives USD 20 M for Series A
Power bank rental startup Xiaobanchongdian receives USD 2 M in angel round
Founder: Li Yimin
Founded in: 2017
Financing status: Angel round of RMB 15 million (USD 2 million) in 2017
Xiaobanchongdian secured its angel financing round of USD 2 million for recruitment and manufacturing more power banks.
Powerbank rental startup Guaishou Chongdian receives millions in USD for angel round
Here’s our analysis： Are power bank rentals just a price bubble in China?