Baobi New Energy Asset Profile

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Year established

2022

Location

Hefei Anhui China

Primary Industry

Energy Storage & Batteries

About

Established in 2022 and based in Hefei, China, Baobi New Energy operates as an integrated energy management service provider, mainly engaged in distributed photovoltaic, energy storage, charging pile, and energy management and carbon management business. The company is a joint venture between Poly Group and Country Garden. The company's business development team has over 10 years of PV experience and was from the former Poly and Country Garden. In June 2023, the company closed a round of series A+ funding. In December 2023, Baobi New Energy closed series A3 and series A4 funding, which is part of larger CNY 1.5 billion series A funding. Baobi New Energy's core business is distributed power plants. The company is mainly engaged in the electricity and heat production and supply industry, providing green energy and carbon-saving services to commercial and industrial owners. The service includes distributed power plants and new energy system solutions. It initiated the development of power plants such as 21MW rooftop distributed power plants for Geely Automobile in Guiyang and 5.4MW rooftop distributed power plants for Shagang Manganese Industry. The company plans to expand into more businesses, such as virtual power plants, and create an energy aggregation platform by applying technologies such as data collection, model training, and smart scheduling.

Current Investors

Poly Capital, Shenzhen Country Garden Venture Capital Co., Ltd., Eastern Bell Capital

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Primary Industry

Energy Storage & Batteries

Sub Industries

Solar Power, Energy Storage & Batteries

Verticals

Clean Technology

Company Stage

Series A

Total Amount Raised

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