Gasgoo Munich- Wuhan Weineng Battery Asset Co., Ltd. (Mirattery), NIO's battery asset management joint venture, announced on February 13 that it has closed a C3 round of equity financing worth 1 billion yuan. With this latest tranche, the company's total fundraising for its Series C has approached 2 billion yuan.
Building on follow-on investments from founding shareholders and the introduction of state capital from Haining Economic Development Zone, Hainan Chengmai, and Meishan Dongpo, Mirattery added two strategic heavyweights in the C3 round: Hefei Construction Investment and Hefei Economic and Technological Development Area. This continued backing from both new and existing investors signals confidence in Mirattery's business model, financial health, and future trajectory. The influx of capital strengthens the company's balance sheet, providing robust support for expanding its battery asset management business and driving technological innovation.
Since its inception in 2020, Mirattery has been driven by a mission to make battery services accessible to everyone. Leveraging vehicle-battery separation technology, battery swapping networks, and standardization, the company pioneered a battery asset management model. By integrating three core pillars—battery technology, data intelligence, and asset management—Mirattery provides comprehensive services for power battery assets across the industry.
Mirattery now manages over 42 GWh of operating battery assets, serving more than 550,000 users. Through full-cycle digital management of power batteries, the company aims to bolster the new energy vehicle industry and accelerate the commercialization of industrial innovations.
The entry of these state-backed investors serves as a strong endorsement from the capital market. Proceeds from the round will primarily fund business deployment in battery asset management, as well as R&D and resource recycling. This capital injection is designed to elevate Mirattery's service capabilities, bolster its financial and R&D muscle, and speed up the commercialization of research breakthroughs.
Just days ago, with strong backing from the Shanghai Stock Exchange, Mirattery successfully issued the "CITIC Securities–Mirattery Battery Holding Power Battery Green Asset Support Special Plan (Sci-Tech Innovation)." Marked as the world's first holding-type power battery REIT (specifically, a holding-type ABS), the deal represents a significant leap in battery asset securitization. It sets a precedent for innovation in green and technology finance. Underpinned by power batteries offered to car owners via a leasing model, the issuance raised 501 million yuan.
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