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Announced

Completed

Legend Capital led a $145m Series B round in Dalian Rongke Power.

Financials

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Transaction Value£116m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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energy storage

Single Bidder

Private

China

Completed

Domestic

battery solutions

Acquisition

Friendly

Energy / Utility Services

Private Equity

Venture Capital

Minority

Synopsis

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Legend Capital, a venture capital firm, led a $145m Series B round in Dalian Rongke Power, a battery solutions provider. The investment marks the latest bet in the carbon neutrality space by Legend Capital, which manages over $10.2bn across RMB and USD funds. Having invested in carbon neutrality for over 15 years, it focuses on areas including de-carbon solutions for traditional energy industries, synthetic biology, and smart, electrified products.

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