Newlink Group completes USD200m in incremental equity financing.
Auto Business News-March 23, 2021--Newlink Group completes USD200m in incremental equity financing
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Auto Business News - 23 March 2021
China-based Newlink Group, a provider of technology platforms and tech-enabled services to the energy value chain, principally serving gas and EV charging stations in China, has completed USD200m in incremental equity financing.
The equity financing is headed by Bain Capital, a global multi-asset alternative investment company. Joy Capital, the company's present investor also participated in the fundraising. The fundraising was subsequent to another USD100m funding, bringing the company's total fundraising to USD300m to date in 2021.
Zhen Dai, founder and chairman of Newlink, said, 'Newlink is committed to bridging the gap and connecting all the dots in the energy value chain. We support gas and EV charging station owners with tools that cut costs and...
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