- Mirattery brought in two new state-owned enterprise shareholders from Hefei in the new funding, expanding its Series C financing to nearly RMB 2 billion.
- This marks a further expansion of Mirattery's Series C financing following its December expansion.
Mirattery, the battery asset operator of Nio Inc (NYSE: NIO, HKG: 9866), announced the completion of an expanded Series C financing round two months ago. However, this round appears not yet fully concluded.
Mirattery announced on Friday the completion of its C3 equity financing round, raising RMB 1 billion ($145 million), bringing the total Series C financing to nearly RMB 2 billion.
The company introduced two state-owned enterprise shareholders from Hefei, Anhui Province — Hefei Construction Investment Holding and Hefei Economic and Technological Development Zone (HETDZ) Investment Promotion — in the C3 round.
Hefei hosts three of Nio's manufacturing plants, and the city government has been a key supporter of the EV maker, having bailed it out in 2019.
The new funding reflects investors' confidence in Mirattery's business model, financial performance, and future growth prospects, providing robust resources for expanding its battery asset management operations and advancing battery technology innovation, the company said.
To date, Mirattery has managed battery assets exceeding 42 GWh and serves over 550,000 users, it said.
Mirattery was established on August 18, 2020, through joint investment by CATL (HKG: 3750, SHE: 300750), Nio, Guotai Junan, and Hubei Science Technology Investment.
In August 2020, Nio launched its BaaS (Battery as a Service) battery leasing business, with Mirattery serving as the manager of these leased battery assets.
On November 3, 2025, Mirattery announced the completion of a RMB 670 million Series C equity financing round, introducing two state-owned enterprise shareholders at the time.
On December 26 last year, Mirattery said its Series C funding had expanded to nearly RMB 1 billion, adding another state-owned enterprise as new shareholders.
Beyond the Series C funding, Mirattery completed a RMB 501 million REITs (Real Estate Investment Trusts) issuance on Wednesday.
($1 = RMB 6.9066)
