On September 10th, Beijing time, XCharge successfully listed on the Nasdaq(stock code: NIPG). ZhenFund had previously participated in XCharge's seed, Series A, and Series A+ rounds.
Founded in 2015, XCharge is a globally leading provider of comprehensive electric vehicle (EV) charging solutions. The company offers a full range of EV charging solutions, primarily including DC fast charging, ultra-fast charging, energy storage charging equipment, and related supporting services.
By integrating advanced charging technology, energy storage technology, and supporting services, XCharge continuously enhances EV charging efficiency and optimizes energy storage and management. XCharge is committed to providing innovative and efficient EV charging solutions and is actively promoting the establishment of a green future centered on long-term growth and development worldwide.
Zitao Zhang, former Managing Director of ZhenFund, Global Partner at SoftBank Vision Fund, and current President and Co-founder of Ganan Technology, expressed, "Time flies, and the discussion scenario at the investment decision meeting in April 2016 is still vivid in my memory. At that time, I was researching early investment opportunities in the automotive mobility sector, and two of my projects were approved at the meeting, one of which was XCharge, focusing on EV charging technology.
One of the benefits of being an investor is being able to observe the ups and downs of enterprises from a close distance. Over the past eight years, while another project experienced explosive growth followed by a rapid decline, leaving people sighing in regret, XCharge has been quietly advancing alongside the EV industry. The two co-founders, Simon and Ray, have weathered storms together, persevered, developed technology, refined products, and expanded the market globally, achieving remarkable results!
Entrepreneurship is tough, and I hope XCharge will continue to maintain its own pace and steadily move forward. I am also very grateful to Mr. Xu, Mr. Wang, and Anna for giving a young investor like me a precious opportunity to take the shot, and more importantly, for their profound influence on my subsequent observations of founders and enterprises in terms of thoughts and ideas. With a new journey ahead, the future is promising."