Alliance Ventures invests in Dianxiang Technology, enhancing the electric vehicle charging solutions sector in China.

Target Information

MobilityPlug and Play's Electric Vehicle Charging Platform, known as Dianxiang Technology, has recently secured investment from Alliance Ventures, the strategic venture capital arm of the Renault-Nissan-Mitsubishi Alliance. Dianxiang Technology is recognized as a premier project within the Plug and Play mobility accelerator, successfully connecting with Alliance Ventures during the previous year’s program, which has culminated in this investment collaboration. Founded in 2015, Dianxiang Technology focuses on providing innovative services in the field of eMobility, leveraging Internet of Things (IoT) technology.

The core offering of Dianxiang Technology is its IoT cloud platform that connects electric vehicle (EV) owners, charging service operators, and electricity suppliers, enhancing the overall user experience for EV charging. Additionally, the platform supports electricity providers in monitoring and predicting grid status to optimize charging and prevent regional overloads.

Industry Overview

The electric vehicle (EV) market in China is rapidly evolving due to significant technological advancements and a strong governmental push for electrification. The Chinese government has implemented various policies to promote the adoption of