(hereinafter referred to as "EcoFlow") has signed a listing counseling agreement with CICC in early September and intends to be listed on the domestic exchange.
In May this year, EcoFlow completed the shareholding reform and changed its name from Shenzhen Zhenghao Innovation Technology Co.
Founded in 2017, EcoFlow was founded by Ray Wang, who graduated from the Hong Kong Polytechnic University and the University of Hong Kong with a bachelor's degree and a doctorate degree respectively; he worked for DJI, founded the battery R&D department, and led the team to break through the bottleneck of drone endurance.
Since its establishment, EcoFlow has taken the vision of "providing clean and affordable power for global users" as its vision, aiming to build a mobile energy storage brand across outdoor travel, home energy storage, industrial applications and public sector applications, and now it mainly owns RIVER series, DELTA series and other accessories series. Other accessories series.
Among them, Rui RIVER series adopts modular setup, users can install expansion battery packs to double the capacity of RIVER, but still portable and flexible; at the same time, X-Boost intelligent inverter technology can drive up to 1800W high-power devices, expanding the scope of use of RIVER series to power higher-power devices; while DELTA is with high power output, high capacity and breakthrough charging technology and other advantages of lithium electronic battery generators; with the same power as traditional gasoline generators, but low noise, no gas emissions, no high maintenance costs.
After the launch of the product, EcoFlow has repeatedly set new sales records on the well-known Japanese crowdfunding website Makuake; and became a TOP merchant in the category of "Outdoor Power" on Tmall six months after its debut in the domestic market in early May 2020.
At the beginning of its establishment in 2017, EcoFlow was invested by many experts and scholars in the field of science and technology, including Professor Li Zexiang, Professor Gan Jie and Professor Gao Bingqiang. In June this year, EcoFlow announced the completion of $100 million Series B financing, led by Sequoia China and jointly followed by High Tide Ventures, CICC, Micro Harvest Capital and Guoxin Yihe.
After this round of financing, EcoFlow is valued at more than USD 1 billion, officially ranking among the "unicorns".
We believe that the global mobile energy storage market will have huge growth potential in the future as the demand for mobile electricity grows rapidly and the new energy industry chain matures," said Yue Ji, Partner of Sequoia China. driven innovation gene, with years of accumulation in the mobile energy storage industry, supporting the company to establish a leading position in the industry. We are pleased to work with EcoFlow Zhenghao team to help the development of mobile energy storage industry and contribute to the global clean energy universal application."
High Tide Ventures said, "To achieve the long-term goal of 'carbon neutrality', we need more outstanding entrepreneurs who are deeply committed to the new energy field and insist on original, independent and sustainable technological innovation. EcoFlow is based on technological innovation and continues to provide global consumers with mobile energy storage products with better performance and experience. In recent years, High Tide has made continuous and in-depth investment in the whole new energy industry chain, and this time we are glad to be able to peer with EcoFlow Zhenghao to jointly promote the popularity of clean energy in global household scenarios."
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