Chinese EV charging operator Star Charge nabs $125m co-led by Schneider, CICC

Chinese EV charging operator Star Charge nabs $125m co-led by Schneider, CICC

Photographer: Brent Lewin/Bloomberg Photo by Bloomberg

Star Charge, an integrated solution provider for electric vehicle (EV) charging, has raised 855 million yuan ($125 million) in its Series A round jointly led by French global energy and automation digital solution developer Schneider Electric and Chinese CICC Capital’s sub-fund.

The round also saw the participation of China Construction Bank’s Hong Kong-based investment arm CCB International, Shanghai Guohe Capital, Wujin National Hi-Tech Industrial Zone’s unit and CDB-CDC Investment Management, a fund co-launched by state-owned China Development Bank’s Funds of funds and Chinese global investment manager GLP in Shanghai, Star Charge posted on WeChat.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter