PowerShare Raises Series A Funding Round

Renault-Nissan-Mitsubishi AlliancePowerShare, an electric vehicle (EV) charging platform startup based in China, received an investment from Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi.

The investment is part of the company’s Series A round, led by BP’s venturing business, BP Ventures, wwith participation from Detong Capital Partners.

The amount of the deal was not disclosed.

Led by Ethan Zhu, founder and Chief Executive Officer, PowerShare provides an online platform that connects EV drivers, charge point operators and power suppliers to streamline the charging experience. It offers a cloud-based system, enabling suppliers to monitor the demand from vehicles with the supply capacity of the grid and drivers to find available charging stations.

The investment will enable the company to expand into new markets, developing core technologies, and exploring new business models in the global e-Mobility business.



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