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Announced

Completed

Hillhouse Capital-backed GL Ventures led a $100m Series B funding round in EcoFlow.

Financials

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Transaction Value£70m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Energy / Utility Services

Private Equity

Friendly

Minority

China

energy storage systems

Cross Border

Completed

Venture Capital

Single Bidder

Acquisition

Private

battery producer

Synopsis

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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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