# Squirrel Power

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Shenzhen, China
- Website: www.evotrex.com
- Total disclosed funding: $30M
- Latest round: Series A (Aug 6, 2026)
- Investors on record: 16

## About

Based in Guangdong, China and founded in 2022 by Ang Xiao, Shenzhen Squirrel Power Co., Ltd., dba Squirrel Power, is a smart electric RV brand focused on the overseas trailer RV market. Squirrel Power was founded by Xiao Ang, the former general manager and product director of Anker Innovations' product line and the pioneer of charging and energy storage business.
In August 2026, Squirrel Power raised over 200 million in Series A funding from Yuanhe Puhua Suzhou Management, Oriza Holdings, TTGG Ventures, ThunderSoft, Forebright Capital Management, Unique Capital, Ondine Capital, GSR United Capital, Shenqi Capital, Chunjia Capital, and other investors.

The company provides smart electric RV brand. Squirrel Power has reportedly completed full-chain verification of its core technologies. Its first smart electric RV, positioned as the "ultimate base station for outdoor living," has concluded its engineering and technical verification phase and will be officially launched at the 2026 CES (International Consumer Electronics Show).

The company generates revenue by doing research, development, sales of its products and providing other related services.

The Series A round of funding will be primarily invested in the in-depth automotive-grade verification and R&D testing of the Evotrex-PG5 vehicle, accelerating the construction of production lines and capacity expansion, and comprehensively expanding manufacturing capabilities to ensure the successful achievement of the goal of mass delivery in 2027.

## Funding rounds

- Series A, Aug 6, 2026, $30M — Oriza Holdings, TTGG Ventures, ThunderSoft, Forebright Capital Management, GSR United Capital, Chunjia Capital, Yuanhe Puhua Suzhou Management, Shenqi Capital, Ondine Capital, Unique Capital
- Series A, Apr 19, 2026 — GSR United Capital, Chunjia Capital, Richen Capital, Shenqi Capital
- Series A, Sep 29, 2025 — Unity Ventures, Wanwuwei Venture Capital, Huizhi Management
- Series B, May 11, 2025 — Sense Capital, Borui Fund

## Investors

- Sense Capital (https://capitalatlas.ai/funds/sense-capital) — Series B
- Borui Fund — Series B
- Unity Ventures (https://capitalatlas.ai/funds/unity-ventures) — Series A
- Wanwuwei Venture Capital — Series A
- Huizhi Management (https://capitalatlas.ai/funds/huizhi-management) — Series A
- GSR United Capital (https://capitalatlas.ai/funds/gsr-united-capital) — Series A
- Chunjia Capital (https://capitalatlas.ai/funds/chunjia-capital) — Series A
- Richen Capital (https://capitalatlas.ai/funds/richen-capital) — Series A
- Shenqi Capital (https://capitalatlas.ai/funds/shenqi-capital) — Series A
- Oriza Holdings (https://capitalatlas.ai/funds/oriza-holdings) — Series A
- TTGG Ventures (https://capitalatlas.ai/funds/ttgg-ventures) — Series A
- ThunderSoft — Series A
- Forebright Capital Management (https://capitalatlas.ai/funds/forebright-capital-management) — Series A
- Yuanhe Puhua Suzhou Management (https://capitalatlas.ai/funds/yuanhe-puhua-suzhou-management) — Series A
- Ondine Capital (https://capitalatlas.ai/funds/ondine-capital) — Series A
- Unique Capital — Series A