The Chinese EV charging company Star Charge has completed a funding round totalling $125 million. Chief investors included Schneider Electric and the Chinese CICC Capital’s sub fund.
Star Charge is based in Changzhou and focuses on charging technologies for electric vehicles, as the name implies, but also offers data operation, and financial insurance, among other things. Their clients include a list of “59 leading automobile groups”, which include European OEMs such as Jaguar, Porsche, Benz and Land Rover, but also works with the Chinese manufacturers BYD and BAIC.
“The investment to Star Charge matches our interest in sustainability. To set sight on EV solutions comprising charging infrastructure, power allotment, energy management system, software and service are what we stay focused on,” said Jijun Xie, senior vice president, Schneider Electric China.
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