# ZHI LI WU LIAN

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zhi-li-wu-lian

- Industry: Energy Storage & Batteries
- Headquarters: Hangzhou, China
- Total disclosed funding: $14M
- Latest round: Series B (Dec 25, 2025)
- Investors on record: 1

## About

Based in Hangzhou, China and founded in 2019, Zhili IoT (Hangzhou) Technology Co., Ltd., doing business as ZHI LI WU LIAN, is a new energy company that provides battery big data security management, intelligent operation and maintenance, and heavy-duty truck battery swapping. The company's founder, Dr. Liguo Li, graduated from Tsinghua University, and its team members are from universities and corporations such as Peking University, Chang'an New Energy, SAIC Group, CATL.

In September 2024, ZHI LI WU LIAN closed a Series A+ funding from new investor Jiuzhi Capital. In December 2025, ZHI LI WU LIAN raised CNY 100 million in series B funding led by returning investor Jiuzhi Capital.

ZHI LI WU LIAN provides truck-mounted power exchange systems, and power exchange equipment. It also provides smart energy operating systems, which use the lithium IoT, battery big data analysis and AI algorithms, based on the battery big data analysis algorithm and battery thermal runaway mechanism model developed by Tsinghua University.

The company generates revenue through the sale of its heavy truck power exchange products and equipment, and by providing its big battery data security services and smart energy operating systems.

The series B financing will be used to build a fully integrated manufacturing base for 20,000 sets of battery swapping systems in Yongkang City, Zhejiang Province and to strengthen R&D and market expansion to meet the explosive demand for battery swapping systems brought about by the new tax exemption policy for battery-swapping vehicles in 2026.

## Funding rounds

- Series B, Dec 25, 2025, $14M — Jiuzhi Capital
- Series A, Sep 20, 2024 — Jiuzhi Capital

## Investors

- Jiuzhi Capital (https://capitalatlas.ai/funds/jiuzhi-capital) — Series A, Series B