- Mirattery has issued a new green ABN with a total value of 1 billion yuan ($145 million) to support its battery asset business.
- This is its latest asset securitization move following the completion of its Series C3 financing and REITs issuance last month.
Nio Inc's battery asset operator Mirattery has issued a new green ABN (Asset Backed Medium-term Notes), replenishing funds for the operation of its BaaS (battery as a service) business.
The company completed the issuance of its first tranche of 2026 green targeted ABN on Monday, with a total size of 1 billion yuan ($145 million).
The offering was met with strong demand from investors, and the issuance price continued to trend downward, serving as proof of Mirattery's continuous broadening of financing channels and regular ABN issuances, it said in a statement.
The funds will facilitate the deployment of battery asset-related businesses and provide financial momentum for technological research and innovation, it said.
The capital market responded positively to this ABN issuance, and the further expansion of the project's investor base demonstrates investors' recognition of the company's business prospects, Mirattery said.
This is the latest move in a series of financing and asset securitization efforts by Mirattery over the past few months.
Just last month, Mirattery announced the completion of its Series C3 equity financing amounting to 1 billion yuan, bringing in two state-owned shareholders from Hefei. This expanded the company's total Series C financing to nearly 2 billion yuan.
Also in February, Mirattery completed a REITs (Real Estate Investment Trusts) issuance with a size of 501 million yuan. This is the world's first held-for-investment power battery REITs, marking a crucial step in its asset securitization.
Founded in August 2020, Mirattery is the asset manager for the BaaS battery leasing business launched by Nio.
The scale of battery assets managed by the company has exceeded 42 GWh, and the total number of users served is approaching 600,000.
Mirattery will continue to utilize innovative and efficient green financing tools in the future, which will enhance the operational efficiency of battery assets and further reduce the company's financing costs, it said.
($1 = 6.9087 yuan)
