XCharge Closes Series B Funding Round

Shell x XCharge Financing Programme Signing Ceremony and Cooperation Plan Launching

XCharge, a Beijing, China-based provider of an electric vehicle (EV) charging solution in Asia-Pacific and Europe, closed its Series B funding round.

Backers included Shell Ventures and other investors.

The company intends to use the funds to scale up to meet the accelerated demand in charging services in fast-expanding markets.

XCharge is an innovative EV charging solution provider with a wide range of AC/DC/HPC products and technologies, including V2G, load management and SaaS. In addition to public charging, the company has developed a product line specialized in e-bus, home and workplace chargers, with the backend for OTA delicacy management. Instead of manufacturing and selling charging stations, XCharge offers customizable “one-stop” charging services to enable more profitable business models, preparing its business clients towards the exciting EV era. Since 2015, it has deployed 35,000+ chargers, dispensing 20+ GWh power per month to 120+ EV models in Asia-Pacific and Europe.