# Shenzhen RCD Electric Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shenzhen-rcd-electric-technology-co

- Industry: Power & Utilities
- Headquarters: Shenzhen, China
- Website: www.sz-rcd.com
- Total disclosed funding: $47M
- Latest round: Series B (Jul 27, 2023)
- Investors on record: 9

## About

Established in 2010 and based in Shenzhen, Shenzhen RCD Electric Technology Co.,Ltd. is a national high-tech enterprise. It is a charging solution and SaaS service provider integrating R&D, production, sales, operation, and maintenance. The company’s headquarters and R&D center are located in Shenzhen. It has over 10,000 square meters of production base in Huaihua. And there are branches and after-sales service departments in major cities across the country. In July 2023, the firm raised CNY 224 million in series B++ funding from new investors Haoshu Capital, PING XIANG GUO TOU GROUP CO., LTD., Pivot Capital, SND Ventures Group, and returning investor Hongtai Aplus. The round was part of a larger CNY 324 million series B funding.

The company focuses on providing smart car charging pile products and overall solutions for construction and real estate customers, and providing charging facilities, SaaS, and value-added services for commercial, residential, public spaces and charging stations. The firm independently researches and develops core technologies from product structure design to hardware controllers, embedded software, and cloud platform charging system software, and has a number of national patents and software copyrights. The main products are wall-mounted AC charging piles, column AC charging piles, single-gun DC charging piles, dual-gun DC charging piles, charging pile cloud platform management system and intelligent orderly charging management system.

The founder and CEO said that the company will start to build a national charging facility network and power IoT with infrastructure. In the next five years, it is expected to cover 1 million charging equipment and network nodes in creating the industry's first network energy big data platform.

## Funding rounds

- Series B, Jul 27, 2023, $31M — SND Ventures Group, Hongtai Aplus, Pivot Capital, Haoshu Capital, PING XIANG GUO TOU GROUP CO., LTD.
- Series B, Sep 13, 2021, $16M — Hongtai Aplus, Yuchen Investment, Shenzhen Ruizhi New Infrastructure, Beijing Taifu Yuanjian Private Equity Fund Management
- Series A, Apr 20, 2020 — Shenzhen Zhongke Incubation Equity Investment Fund Management

## Investors

- Shenzhen Zhongke Incubation Equity Investment Fund Management (https://capitalatlas.ai/funds/shenzhen-zhongke-incubation-equity-investment-fund-managemen) — Series A
- Hongtai Aplus (https://capitalatlas.ai/funds/hongtai-aplus) — Series B
- Yuchen Investment — Series B
- Shenzhen Ruizhi New Infrastructure — Series B
- Beijing Taifu Yuanjian Private Equity Fund Management — Series B
- SND Ventures Group (https://capitalatlas.ai/funds/snd-ventures-group) — Series B
- Pivot Capital (https://capitalatlas.ai/funds/pivot-capital) — Series B
- Haoshu Capital — Series B
- PING XIANG GUO TOU GROUP CO., LTD. — Series B