# Qiyuan Green Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qiyuan-green-power

- Industry: Energy Storage & Batteries
- Headquarters: Shanghai, China
- Website: www.spicqyxdl.com
- Total disclosed funding: $212M
- Latest round: Series B (Jan 1, 2024)
- Investors on record: 7

## About

Established in 2020 and based in Shanghai, China, Qiyuan Green Power is an integrated smart energy services company specializing in the construction and operation of electric vehicle charging stations and switching stations. In 2021, the company built a mobile power exchange station, the "Starway 600", and launched a digital cloud platform. By 2022, it has built more than 100 power exchange stations and signed contracts to promote more than 15,000 vehicles. It has been applied for over 300 patents and recgonized as a Key Unicorn Enterprise served by Shanghai. In January 2025, it closed a series C funding.

Qiyuan Green Power provides battery asset management, digital operations management, charging and switching facility operations, customized green finance, and development, production, and sales services for switching trucks. Among them, the customized green financial services such as vehicle financing and leasing, after-sale leaseback of power stations, and leasing services for battery operators.

The company generates revneue by providing construction and operation services for electric vehicle charging stations and battery swap stations, as well as new energy vehicle batteries, etc.

## Funding rounds

- Series B, Jan 1, 2024, $212M — State Power Investment Corporation, Infore Capital Management, Shanxi Taihang Industrial Fund Management, National Green Development Fund, Zhuhai Gree Group, Wuxi Shangxian Private Equity Fund Management, Bank Of China Financial Assets Investment

## Investors

- State Power Investment Corporation — Series B
- Infore Capital Management — Series B
- Shanxi Taihang Industrial Fund Management (https://capitalatlas.ai/funds/shanxi-taihang-industrial-fund-management) — Series B
- National Green Development Fund (https://capitalatlas.ai/funds/national-green-development-fund) — Series B
- Zhuhai Gree Group — Series B
- Wuxi Shangxian Private Equity Fund Management — Series B
- Bank Of China Financial Assets Investment — Series B