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

Xiaodian

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.

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Power bank rental startup Ankerbox receives millions in USD for Series A

Screenshot from Jiediankeji.com
Screenshot from Jiediankeji.com

Ankerbox

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.

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Power bank rental startup Laidian receives USD 20 M for Series A 

Photo from Pixabay.
Photo from Pixabay

Laidian

Founder: Yuan Bingsong

Founded in: 2014

Financing status: RMB 138 million (USD 20 million) Series A financing in 2017

Laidian received USD 20 million for its Series A round to set up more power bank rental terminals in new cities.

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Power bank rental startup Xiaobanchongdian receives USD 2 M in angel round

photos from Baidu image.
Photo from Baidu images

Xiaobanchongdian

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.

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Powerbank rental startup Guaishou Chongdian receives millions in USD for angel round

Photo from 58pic.com
Photo from 58pic.com

Guaishou Chongdian

Founder: Cai Guangyuan

Financing status: Tens of millions in RMB (a few million USD) for angel round in 2017

Guaishou Chongdian received an undisclosed angel financing round in millions of  USD to place tens of millions of power banks in its partner’s stores to quickly capture market share.

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Power bank rental startup Yunchongba receives USD 3.6 M for Series A

Screenshot from Yunchongba.com
Screenshot from Yunchongba.com

Yunchongba

Founder: Lei Yun

Founded in: 2015

Financing status: RMB 25 million (USD 3.6 million) Series A financing in 2017

Yunchongba landed USD 3.6 million for its Series A round to fix power bank rental outlets onto vending machines to increase its exposure to customers.

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Power bank rental startup Hidian receives millions in USD for angel round

Photo from Baidu Images.
Photo from Baidu images

Hidian

Founder: Liu Wenyuan

Founded in: 2016

Financing status: Tens of millions in RMB (a few millions USD) for angel round in 2017

Hidian secured its undisclosed angel round of a few million USD to deploy more power banks in Shanghai. It aims to place 10,000 power banks in Shanghai by end May.

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Power bank rental startup Mopo receives undisclosed angel round in millions of USD

Photo from Pixabay.
Photo from Pixabay

Mopo

Founder: Ou Yangyang

Founded in: 2017

Financing status: Angel round amounting to tens of millions in RMB (a few millions in USD) in 2017

Mopo closed its undisclosed angel round amounting to millions in USD to expand its team and develop new power bank rental outlets, and also place its power bank rental outlets in more of its partners’ stores.

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Here’s our analysis: Are power bank rentals just a price bubble in China?

(Top photo from Pixabay.com)

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Kaikai Shi
Kaikai Shi majored in Biotechnology at Zhejiang University. He now runs the Tech Financing column for AllChinaTech. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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