Monster Charging Receives Angel Funding from Shunwei Capital, Mi, ZMI, Crystal Stream, and Hillhouse Capital

Shunwei Capital
Jul 28, 2017 · 2 min read

2017–04–21 Shunwei Capital

Smart shared power-charging devices company Monster Charging has announced that it has obtained tens of millions of renminbi in angel investments from Shunwei Capital, Mi, ZMI, Crystal Stream, and Hillhouse Capital. We understand that Monster Charging has also confirmed its next round of funding.

Monster Charging offers large-capacity power banks for mobile devices as well as desktop chargers. Monster Charging founder Cai Guangyuan was previously general manager-cum-director of marketing for China at Uber Shanghai. The founding team comprises members from companies such as Meituan, Uber, Alibaba and Baidu.

Monster Charging will work with ZMI, China’s most outstanding power bank designers, on its products. ZMI has the strongest design and development capabilities in power source-type products as well as production & supply-chain capabilities in China. The power banks developed by ZMI, one of the investors in Monster Charging for this round, both for Mi and its house brand rank top in China in terms of sales by a strong margin.

According to Monster Charging founder Cai, he hopes that everyone in China would be able to have access to power charging in any scenario, and thus keep their daily lives moving as well as stay in contact with everyone. They actually stay in contact with good and easy life. Monster Charging plans to produce power banks numbering in the tens of millions within this year after this round of funding has been completed.

Shunwei Capital

Early stage VC founded by Lei Jun (Xiaomi CEO) and Tuck Lye Koh. Manages $2 billion USD with over 200 portfolio companies invested.

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