Fosun Infrastructure Industry Development Group provided $14.9m in series B funding that will be used to expand Xiaolvren's electric bike charging network in China.
China-based electric bike-charging station developer Xiaolvren has received RMB100m ($14.9m) in series B funding from diversified conglomerate Fosun.
Founded in 2015 and also known as Beijing Green Star Xiaolvren Technology, Xiaolvren develops and operates electric bike charging stations in 109 cities across China. Users can find and pay for the stations through the company’s mobile app.
Xiaolvren will use the Fosun investment, which was made by the corporate’s Fosun Infrastructure Industry Development Group subsidiary, to expand its…
