Chinese energy storage startup Hithium raises $278m in Series B round

Chinese energy storage startup Hithium raises $278m in Series B round

Visuals from Hithium's official website

Hithium has raised over 2 billion yuan ($277.9 million) in a Series B round of financing led by ABC International, the investment banking unit of the Agricultural Bank of China (ABC), as the Chinese energy storage startup gears up to expand its production capacity.

Matrix Partners China, new energy-focused Fenghe Capital, Dayone Capital, Shanghai-listed metal mining business Chengtun Mining Group and a few others joined the round, the firm announced on Tuesday.

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