WeNeng completed a RMB 1 billion Series C3 financing round, with a total Series C financing of nearly RMB 2 billion.

36Kr learned that on February 13, "WeNeng" announced the completion of its Series C3 equity financing, with a financing amount of 1 billion yuan in this round. As of now, the cumulative financing amount of WeNeng's Series C has reached nearly 2 billion yuan. On the basis of additional investments from founding shareholders and the introduction of several state-owned capital shareholders including Haining Economic Development Zone, Hainan Chengmai, and Meishan Dongpo, the company further introduced two important shareholders, Hefei Construction Investment Co., Ltd. and Hefei Economic Development Zone, in the Series C3 financing. The financing funds will be mainly used for the deployment of the company's battery asset management-related businesses and in business areas such as technology R & D and resource recycling. As of now, the scale of WeNeng's operating battery assets has exceeded 42 GWh, and the total number of service users has exceeded 550,000.