Newlinks Technology Limited Announces Completion of E-Round with Additional Investments from CR Capital Management
BEIJING, January 27, 2022 /PRNewswire/ — Newlinks Technology Limited (“Newlink” or the “Company”), a leading energy technology platform provider in China, today announced that the Company has raised a new investment from CR Capital Management. This investment, in addition to previously announced investments from China Merchants Capital, CICC Capital, China Shandong Hi-Speed Capital Limited and the Shandong Green Development Fund, brings Newlink’s total E-Round investments to several hundred millions of dollars.
The investment is being made through CR Capital Management’s investment platform, CR & CNIC Investment Limited. CR Capital Management is a wholly-owned subsidiary of China Resources (Holdings) Co., Ltd, and conducts fund operating business closely with the Group’s domestic macro industries and policies, with total assets under management of more than $20 billion. “We found that Newlink represents an excellent investment opportunity,” said CR Capital Management CEO Mr. Carl Qin noted. “Newlink’s cloud computing capabilities, big data, AI and other technologies can be deeply integrated into the energy value chain, and will continue to lay the foundation for digitalization for the industry, enabling Newlink to become a leader in the development of smart energy technologies. We are very honored to have the opportunity to invest in Newlink, and we look forward to developing together with Newlink a green, low-carbon, safe and efficient modern energy system, and helping to achieve the goals of “dual carbon”.
Founded in 2016, Newlink is one of China leading provider of technology platforms and technology services for the energy value chain, primarily serving gas and electric vehicle charging stations. The company’s broad digital solutions offerings include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales, reduce costs, manage operations and increase profits, all of which aim to achieve the goal of a “Carbon Neutral Energy World”. Newlink has already received recognition from China Quality Certification Center and SGS Group Carbon Reduction Report.
Newlink provides solutions and services for traditional refueling, new electric and digital vehicle charging to more than 10,000 enterprise customers, including SF Express, ZTO Express, Jitu and other logistics companies, as well as Huolala , Kuaigou, UCar, Shouqi and other transportation companies. and logistics platforms, as well as China Merchants Bank, Yonyou Group, Xiaomi and other similar enterprises.
The founder and CEO of Newlink, Mr. Zhen Dai expressed, “As the structure of the energy industry evolves in the context of ‘dual carbon’, Newlink, with its overriding mission to achieve zero-carbon energy, will continue to drive digitalization, the image of brand and the decarbonization of the industry. CR Capital has always been a key force in the development of new energy, dual carbon and other core strategic initiatives of the CR Group, making the fundamental strategic investments. This is in line with to Newlink’s vision and strategy, and we share the same goals. I would like to thank CR Capital for their support, and I look forward to working with CR Capital to transform and upgrade the energy sector with systematic solutions, and to enable decarbonization goals to become a reality.”
Newlink is part of the Global New Energy 500 and has unicorn status. The company has attracted a diverse group of investors, including China Merchants Capital, Bain Capital, Joy Capital, CMBI, CICC Capital, Xiaomi Corp., Nio Capital, KIP China, SME Development Fund and Hongtai Alpus.
About Newlinks Technology Limited
Founded in 2016, Newlinks Technology Limited is one of the China leading provider of technology platforms and technology services for the energy value chain, primarily serving gas and electric vehicle charging stations. The company’s broad digital solutions offerings include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales, reduce costs, manage operations and increase profits. The company aims to improve the efficiency of the entire value chain and transform the multi-trillion RMB energy industry and help enable and promote China political commitments to achieve a carbon neutral and environmentally friendly society. For more information see http://www.newlink.com
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SOURCE New Link Group