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Tuesday 19 February 2019

Renault-Nissan-Mitsubishi Alliance Invests In PowerShare

Alliance Ventures, the venture capital arm of Renault-Nissan-Mitsubishi Alliance, announced investment in PowerShare – the charging platform startup based in China, which recently attracted also BP.

PowerShare is kind of similar to ChargePoint in North America. The online platform connects EV drivers, charge point operators and power suppliers. Because of its strong position in China and the Alliance’s ambitions, investment in a charging partner for the Chinese market was a reasonable decision. Financial terms of the deal were not disclosed.

“Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, today announced a new investment in PowerShare, an electric vehicle (EV) charging platform startup based in China. PowerShare provides an online platform that connects EV drivers, charge point operators and power suppliers to streamline the charging experience. It offers a cloud-based system, enabling suppliers to monitor the demand from vehicles with the supply capacity of the grid and drivers to find available charging stations.”

Read more on insideevs.com

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