Energy storage company Teplore raises Series Pre-A

Teplore, an energy storage company focusing on the user-side in China, has raised RMB 50m in Series Pre-A financing led by Eight Roads, with participation from PKSHA SPARX Algorithm Fund and existing investor Future Capital.

Founded in 2021 by a team of serial entrepreneurs in the energy storage industry, Teplore provides an all-in-one energy storage system to support user-side customers in various scenarios. The company has built a solid supply chain and SI networks.

While China is at a critical changing point of the power revolution, the increasing imbalance of power demand and supply trigged by enlarging renewable energy portion promotes various solutions from the generation side to the user side. We believe the company has a good foundation with its leading hardware performance, the comprehensive product portfolio of both hardware and software, and expanding partnership with top suppliers and SI. We look forward to supporting the future development of the company.