Announced
Completed
Financials
Sources
Tags
Energy / Utility Services
Private Equity
Friendly
Minority
China
energy storage systems
Cross Border
Completed
Venture Capital
Single Bidder
Acquisition
Private
battery producer
Synopsis
Hillhouse Capital-backed GL Ventures, a venture capital investment company, led a $100m Series B funding round in EcoFlow, a manufacturer of mobile power products. The round brings the company’s market valuation to $1bn. Proceeds from the latest funding round will be used to bankroll the research and development of clean energy storage products.
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