# First Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/first-technology

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Hangzhou, China
- Website: www.botann.com
- Latest round: Series B (Dec 31, 2019)
- Investors on record: 1

## About

Based in Hangzhou, China and established in 2014, First Technology is a pioneer in the development and implementation of "battery swap" solutions for electric vehicles. The company has developed a commercial ecosystem and technical system for "vehicle-battery separation and box-based battery swapping." The company has collaborated with 7 major manufacturers to develop over 10 models of vehicles, including passenger cars and commercial vehicles. In December 2019, the firm closed a round of series B funding.

The company specializes in designing standard battery boxes compatible with various vehicle types, such as passenger cars, logistics vehicles, and buses. Their products include vehicle battery swapping systems, central control systems (VCS), and core control systems for swapping stations (GCS), which enhance the battery life and enable efficient battery utilization.

The company generates revenue by providing battery swapping services and systems for electric vehicles.

## Funding rounds

- Series B, Dec 31, 2019 — Yunhe Partners

## Investors

- Yunhe Partners (https://capitalatlas.ai/funds/yunhe-partners) — Series B