ELECQ has announced that it has completed an angel round of financing of nearly 150 million yuan. This round was led by Shunwei Capital, with participation from Yunqi Partners, ZhenFund, YM Capital, and other investors.

Founded in 2023, ELECQ focuses on the direction of an energy management system, that will start from the intelligent charging pile products, aiming at "The destination charging market in a broad sense" including destination charging and home charging. 

ELECQ's first product, positioned as the "Apple of charging piles" is scheduled to land in Q3 2024. This round of financing will be fully used for early-stage product research and development.