Chinese batteries

Phylion Battery secures $136 million in pre-IPO funding

The lithium-ion battery maker and scooter specialist is hoping to use the deal as a springboard for an IPO, possibly on Shanghai's looming new tech innovation board.

Phylion Battery has raised Rmb922 million ($135 million) in a round of private funding that it hopes will facilitate an eventual listing.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media