Chargerlink, a Shenzhen-based start-up focused on providing charging station solutions for the electric vehicles (EV) sector, has secured US$20 million series A round, the largest venture funding in the EV services market in China.
According to Chinese media reports, four Chinese investors participated in the round, which will be used to expand the company’s business.
Chargerlink provides one-stop solutions for EV manufacturers including Tesla, BMW, Nissan and BYD, as well as charging station operators and manufacturers.
The company plans to expand into LBS (location-based services) in the future, exploring opportunities during the time when EV owners wait for their cars to be charged.
