The portable power storage brand “Acenew” has recently received millions of dollars fund in financing. This is the second time of investment funds received by the startup in eight months. This round of financing is jointly invested by Kaiying Capital, Wanwei Venture Capital, and the resource side, with Xilin Investment serving as the financial advisor.
What is a portable power station? And why it is drawing the attention of investors?
Portable power stations use leading battery technology to give you the energy you need to charge and keep your devices and appliances running – no matter where you are. They convert and store energy from household outlets, car adaptors, or even green power source – the sun.
From off-grid adventures to personal appliance power maintenances, or even emergencies, portable power stations are the perfect alternatives from traditional fuel generators. In the past, the power supply in such scenarios was mainly provided by small fossil fuel generators with the drawbacks of high noise, complex operation, and pollution.
Acenew, founded in May 2021, is specializing in development of portable power devices. Unlike previous portable power stations, Acenew improves product functionalities and appearances for better user experience. Its AC super-fast charging technology is capable of achieving 80% full power charge within 1 hour. Acenew’s enhanced technology is twice as fast as other market competitors in power generation. While optimizing power charging efficiency, Acenew portable power stations are also smaller and lighter in size, making “portable” easier in reality.
In addition to improved product attributes, Acenew has installed a set of powerful software systems. Its current system can achieve more functions and open up more possibilities. One of the specific purposes, for example, is to self-detect and diagnose equipment, enabling users to see the usage status, device condition, and even advanced alerts.
Being able to implement self-diagnosis provides more data to individual end users as well as to rental market clients. In addition, Acenew can establish a network of rental devices. In the event of a natural disaster, the network can locate nearby devices in real-time and quickly schedule emergencies based on device status.
Currently, Acenew is sold in international markets such as Europe, American, Japan and South Korea. It was also showcased at the International Consumer Electronics Show in Las Vegas earlier this year. People can find more information about Acenew on Facebook, TikTok and YouTube.
With the increasing trend of “oil to electricity” worldwide, electricity has become one of the indispensable energy sources in people’s lives. The global portable power station market is expected to grow from an estimated USD 478.3 million in 2022 to USD 836 million by 2029
The professional capability and devotion of Acenew’s founding team have made Acenew competitive in this rapid growing market. Founder and CEO, Qiu Juntao, served as the R&D Director of Meizu Technology and the General Manager of Shenzhen Branch, leading the development of its first Android smartphone M9 and MX series smartphones, and developing a complete set of BLE Mesh based solutions for Meizu Smart Home. Formerly worked as an architect for Alibaba Cloud OS business group, participating in the development and marketization of Alibaba Cloud OS.
Acenew team has taken the mission of making better portable power stations seriously. It is Acenew’s firm commitment in making better products that has built up confidence in investors. Cheng Xiaohua, chairman and partner of Keying Capital, said, “The demand for portable power stations is growing rapidly. Portable power stations are not limited to provide electricity. They can become a platform for connecting to other intelligent device terminals, achieving interconnection and computing power sharing. This is also the scenario we are looking forward to seeing. At the same time, the founding team members of Acenew have complementary advantages and achieved a good combination of research and development and market operations, laying a solid foundation for the success of the project.”
Company Name: Acenew Technology (Shenzhen) Co., Ltd.
Contact Person: Tang Size
Email: Send Email
Phone: +86 13226880730
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