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ELMI Power closes seed financing round led by Sequoia China/HongShan
ELMI Power, an innovative startup for battery-powered hyperchargers, has successfully closed its seed financing round led by Sequoia China/HongShan. Within twelve months, the company developed a certified, market-ready product, achieved initial sales in the millions and established key partnerships. The aim is to make the charging infrastructure for e-vehicles more efficient, scalable and sustainable.
ELMI Power, a pioneering startup specializing in the development of battery-powered hyperchargers for electric vehicles, has successfully closed its seed funding round. The round was led by Sequoia China/HongShan. This milestone underscores the recognition for ELMI Power’s innovative solutions to revolutionize the e-mobility ecosystem and accelerate the global shift towards sustainable mobility.
In less than twelve months, ELMI Power has made remarkable progress: The company has developed a market-ready product from the ground up, obtained certification under calibration law, built a world-class team, achieved its first million-dollar turnover and forged partnerships with leading suppliers.
With this groundbreaking technology, the team at ELMI Power aims to redefine the charging infrastructure for electric vehicles and set new standards in efficiency, scalability and sustainability.
