Dayone Capital participates in Hithium's Series C funding round, raising over $622 million to enhance the company's production capacity and R&D efforts in the energy storage industry.
Target Information
Hithium is a prominent manufacturer based in China, specializing in lithium-ion stationary energy storage systems. The company has established itself as a key player in the energy sector, focusing on providing innovative solutions for energy storage that cater to the increasing demand for renewable energy sources.
With this latest funding round, Hithium aims to enhance its production capacities to meet growing market demands. Additionally, the company plans to invest in advanced equipment and research and development (R&D) efforts to further innovate their product offerings.
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Industry Overview
The energy storage industry in China has seen remarkable growth in recent years, driven by the country’s increasing investment in renewable energy and sustainability init
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Dayone Capital
invested in
Hithium
in 2023
in a Other deal
Disclosed details
Transaction Size: $622M