Nio Capital backs China battery recycling start-up
Nio Capital has led a Series A for China-based battery recycling start-up Ruilong Technology. The company did not disclose the exact size of the round, merely saying it amounted to several hundreds of millions of renminbi.
Other investors include Guangzhou-based Hanhui Capital and Midea Capital, a unit of Midea Group. The fresh capital will go towards the expansion of waste battery purchasing channels and the development...
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