In July 2023, Dyness New Energy Technology Co., Ltd. (referred to as "Dyness" globally) announced the completion of Series B and Series C financing, totaling tens of billions of yuan. Among them, the Series B financing was led by Up Capital, with follow-up investments from Zhongding Capital, Lion City Capital, and other institutions. The Series C financing was led by a fund under China Jianyin Investment (CICC), with follow-up investments from L Catterton, Jin Qiu Fund, Shen Qi Capital, and continuous follow-up investments from Qing Hao Capital.
Founded in 2017, Dyness aims to become a leading global energy storage technology company and is one of the earliest companies in China to enter the overseas energy storage market. Its core team comes from top companies in the industry. Currently, Dyness holds over ninety domestic and international patents and has successively launched energy storage products for all scenarios, gradually establishing a global sales, research and development, and production operation system. The company's management team focuses on creating value for channels and partners in terms of products, brands, operations, and services. Mr. Liu Yang, CEO of Dyness, stated that the company will continue to innovate in technology and optimize the industry to reduce the marginal cost of new energy, enrich the application scenarios of new energy, ensure the safety and reliability of new energy, and make unremitting efforts to achieve the dual carbon goals and reduce the temperature of the earth, contributing to the cause.
With outstanding product definition capabilities and a stable and efficient R&D system, Dyness has created a differentiated product matrix known for its stability and competitive advantages in the household and commercial energy storage fields. Under the guidance of the company's globalization strategy and after years of unremitting efforts, the market share of Dyness's product matrix in core markets has steadily increased, and it has fully entered all major regions globally. Through firm and efficient execution, multiple milestones have been established, and excellent achievements have been made, leading to high recognition of Dyness's brand and products in the global market and among customers.
Under multiple influencing factors, the global energy structure is entering a period of transformation, with the unstable supply in the energy market bringing about drastic changes in demand. New energy, especially photovoltaic energy storage, has seen a large-scale surge in demand. According to forecasts by the Gao Gong Industrial Research Institute, the global household energy storage installed capacity could reach 100GWh by 2025, with a compound annual growth rate of over 90% over five years. As global energy production, scheduling, and use change, Dyness will also actively enhance its product research and development capabilities and customer service capabilities, embracing the industry's digitalization trend. Looking ahead, Mr. Liu Yang, the CEO of the company, stated, "With the financing in this phase, Dyness will further increase its investment in the research and development of new energy storage technologies and solutions, accelerate the expansion of its commercial and industrial energy storage product lines and ecological product lines, and accelerate the pace of global expansion and layout of all-scenario applications. At the same time, this phase of financing will also provide sufficient and solid financial support for the company's organizational iteration and brand upgrade."
Llinks Team:
Partners: Colin Shi, Chris Xia
