Recently, NaaS, a subsidiary of China Newlink Holding Limited invested by Global Buyout Fund, was officially listed on NASDAQ, with stock code "NAAS", becoming the first stock of charging service in China and the third China Concept Stock listed in the United States this year.
Global Buyout Fund, an investment platform managed by CR Capital Management, participated in the Series E financing of China Newlink Holding Limited at the end of 2021. Through this investment, CR Capital Management further completes its layout in the field of energy technology, and helps to achieve carbon neutrality with its practical action.
As one of the largest and fastest growing new energy service providers in China, by the end of 2021, the business of NaaS has covered 288 cities and 290,000 charging piles in China, including over 200,000 DC fast charging piles which account for 51% of public DC fast charging piles in China. In 2021, NaaS received 55 million orders and provided 1.233 billion kilowatt-hours of charging, accounting for 18% of China's EV public charging volume in 2021, 8.2 times of charging volume in 2019.
NaaS digitally connects the upstream and downstream of the industry chain, providing one-stop services for charging pile manufacturers, operators, main engine plants, and other sectors to make energy delivery more efficient. NaaS is a carbon neutral and ESG enterprise. According to the "Greenhouse Gas Emission Reduction Assessment Report of NaaS New Energy Vehicle Travel" issued by SGS, an international authoritative certification group, the annual carbon emission reduction of NaaS reached 900,000 tons. With its advanced mature technology and management capability in the industry, NaaS is committed to promoting the transformation of energy structure from traditional energy sources such as oil and gas to clean energy sources such as electricity and hydrogen.
Headquartered in Qingdao, Shandong Province, China Newlink Holding Limited is one of the top 500 global new energy enterprises and a unicorn company in China and abroad. In addition to NaaS, it also owns Tuanyou Fleetin, Newlinks Technology, Newlink Chain Store, and Newlink Enterprise Services and other sectors.
