China energy storage player Fox ESS raises $141m
Fox ESS, a China-based energy storage company also known as Maitian Energy, has raised CNY 1bn (USD 141m) in a pre-IPO round led by Ori-mind Capital at a post-money valuation of more than CNY 10bn.
The proceeds will be mainly used for R&D, capacity expansion, and daily operation. There are also plans to expand in overseas markets. Fox was established in 2019 by Tsingshan Holdings Group, a private...
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