Power bank rental startup Mopo receives undisclosed angel round in millions of USD

Mopo

Founder: Ou Yangyang

Founded in: 2017

Financing status: Angel financing round amounting to tens of millions in RMB (a few millions in USD) in 2017

Power bank rental continues to be a catch in China, with several investors pouring lots of cash into power bank rental startups like Ankerbox and Xiaodian. Despite these startups receiving generous funds to boost their businesses across China, there are still many new competitors wanting to have a bite in the pie.

Mopo is a new power bank rental startup that has partnerships with some business chains to deploy its power banks in their stores. These include restaurants, coffee houses, and so on. Unlike its competitors that placed large power bank rental outlets in cities, Mopo places smaller power bank rental outlets in its partners’ stores. Each Mopo outlet only contains five power banks that can be rented by users. In addition, each power bank has a smart lock and charging lines. Users can scan the QR code on the power banks with WeChat to acquire a random code to unlock the power banks to take it away. Mopo charges RMB 1 per hour with a guarantee deposit.

Founded in 2017 in Shenzhen, Mopo’s founder Ou Yangyang previously worked for BitAuto. Mopo received its first financing fund from an undisclosed investor who worked as a senior executive in BitAuto.

This angel financing round was led by Tsing Ventures. With this new capital, the company can now continue to expand its team and develop new power bank rental outlets, and also place its power bank rental outlets in more of its partners’ stores.

Cloud computing platform BoCloud receives undisclosed Series B in tens of millions in USD

Photo from 58pic.com
Photo from 58pic.com

BoCloud

Founder: Hua Lei

Founded in: 2012

Financing status: Series B round amounting to hundreds of millions in RMB (Tens of millions in USD) in 2017

BoCloud is a cloud computing platform that provides big data technology and smart cloud computing solutions to help its enterprise customers reduce costs, improve efficiency, simplify operations and maintenance processes, improve system reliability and security for their IT systems based on cloud architecture.

Founded in 2012 in Suzhou, its core technology team members were previously from Microsoft, HUAWEI, Alibaba Cloud and other well-known domestic and foreign enterprises and research institutions. BoCloud has several famous enterprise customers including Alibaba Cloud, JD.com, and VMWare, providing them with cloud computing and system management services.

This Series B financing round was led by Oriental Fortune Capital and Oriza Holdings. BoCloud plans to use this fund to improve its cloud computing technology and expand the scope of its services to provide one-stop smart cloud computing services.

(Top photo from Pixabay)

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Kaikai Shi
Kaikai Shi majored in Biotechnology at Zhejiang University. He now runs the Tech Financing column for AllChinaTech. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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