China's EV startup Byton raises huge investment from Japan's conglomerate Marubeni

Marubeni seeks to utilise Byton's battery technology to store renewable energy.


China's EV startup Byton raises huge investment from Japan's conglomerate Marubeni | BEAMSTART News

- From our Sponsors -

Byton, China's premium SUV maker secured several million dollar funding from Tokyo's Marubeni Corporation in its Series C round.

Marubeni's investment decision is driven by its plan to use Byton's battery technology to create storage systems for renewable energy.

Masumi Kakinoki, President and CEO, Member of the Board at Marubeni with offices all over the globe.

 

The partnership will also trigger as cooperation to provide ride-hailing services between the two companies.

Currently, Byton's entry-level electric SUV can travel over 224 miles on a 72kWh battery with a single 270 horsepower electric motor — putting it in close competition with Tesla.

- From our Sponsors -

Latest Jobs

Quality Assurance Lead

TLVFintech

Singapore

Full Time

Salary Undisclosed

Content Writer (Esports / Gaming)

MEGPlay

Petaling Jaya, Malaysia

Internship

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

Singapore

Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment

Singapore

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

Singapore

Internship

SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate

Niagahoster

Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer

Hostinger

Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital

Singapore

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).