China's Energy Monster secures $71.5 million — looks to expand its operation

The battery-sharing firm leveraged China's massive market of 305 million power bank rental users in 2019.

China's Energy Monster secures $71.5 million — looks to expand its operation | BEAMSTART News

- From our Sponsors -

The portable battery-sharing startup Energy Monster has closed $71.5 million in a Series C funding round led by Softbank Ventures Asia.

Providing table-mounted and take-away chargers in public places, Energy Monster will use the fund to expand its business offerings and explore new opportunities.

Portable chargers available in public cafes.

China saw a huge market of 305 million shared power bank users and will see an increase of up to 408 million users in 2020.

According to iiMedia Research, Energy Monster held 20.9% of the charger-sharing market share in China by June 2019 — placing it third in the market race after Jiedian and Xiaodian with 40.5% and 23.6% market share respectively.

- From our Sponsors -

Latest Jobs

Quality Assurance Lead



Full Time

Salary Undisclosed

Content Writer (Esports / Gaming)


Petaling Jaya, Malaysia


MYR 400 — MYR 600 monthly

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility


Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment


Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing



SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).