# Aodong New Energy Automobile Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aodong-new-energy-automobile-technology-co

- Industry: Energy Storage & Batteries
- Headquarters: Shanghai, China
- Website: www.aulton.com
- Total disclosed funding: $233M
- Latest round: Series B (Sep 29, 2021)
- Investors on record: 7

## About

Founded in 2016 and based in Shanghai, China, Aodong New Energy Automobile Technology Co., Ltd., operating as Aulton New Energy, provides a solution for electronic vehicles by offering a battery-swap service, full-life battery management, and business operation of a swap station. It has 12 years of power replacement operation experience, built power replacement stations whose single station service capacity is 500-1000 vehicles, covered 30 cities, and reached 50,000 accumulation service users. It won more than 3000 battery swap patents and the world's first Conformite Europeenne (CE) certification for battery swap equipment.

The company provides a battery-swap service. It build a power swap business ecosystem including the research and development of power swap core technology, power swap network platform operation, urban distributed energy storage, and battery lifecycle management. It's the latest generation of 4.0 power station replacement where an electric vehicle completes the power replacement process in 20 seconds. A shared battery swap platform can be used for multiple models.

The company plans to expand power replacement stations, operating 5,000 power swap stations, covering 100 cities, and power swap service capacity reaching 2 million vehicles in 2025. Besides, it cooperated with car companies to realize two to three car models that are mass-produced every quarter.

## Funding rounds

- Series B, Sep 29, 2021, $233M — Yueshang Venture Capital, Guangzhou Development Zone Construction Development Group Co., Ltd., CY Capital, Korea Investment Partners (China), Guangzhou Finance Holdings, Enze Fund
- Series A, May 1, 2018 — NIO Capital

## Investors

- NIO Capital (https://capitalatlas.ai/funds/nio-capital) — Series A
- Yueshang Venture Capital — Series B
- Guangzhou Development Zone Construction Development Group Co., Ltd. — Series B
- CY Capital (https://capitalatlas.ai/funds/cy-capital) — Series B
- Korea Investment Partners (China) (https://capitalatlas.ai/funds/korea-investment-partners-china) — Series B
- Guangzhou Finance Holdings — Series B
- Enze Fund — Series B