Announced
Completed
Financials
Sources
Tags
energy storage
Single Bidder
Private
China
Completed
Domestic
battery solutions
Acquisition
Friendly
Energy / Utility Services
Private Equity
Venture Capital
Minority
Synopsis
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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