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NaaS Technology Inc. is a leading electric vehicle (EV) charging service provider in China, dedicated to revolutionizing the energy sector with carbon-neutral solutions. Listed on the NASDAQ under the symbol NAAS, the company offers an integrated suite of online and offline services to charging station operators, enhancing their operational efficiency and customer satisfaction.
NaaS provides a comprehensive range of services that cater to every need of the EV charging ecosystem. From siting consultation, software and hardware procurement, to EPC (Engineering, Procurement, and Construction), operation and maintenance, and energy storage solutions, NaaS simplifies the intricacies of managing charging stations. The company's robust digital platform also offers non-charging services, such as food and beverage options for station operators, ensuring a holistic service experience.
Recent financial results highlight NaaS's impressive growth trajectory. In 2023, the company reported a revenue of RMB320.1 million (US$45.1 million), reflecting a remarkable year-over-year growth of 245%. Gross profit surged to RMB88.8 million (US$12.5 million), with gross margins increasing from 6.6% to 27.7%. The charging volume through NaaS's network rose by 81% YoY, reaching 4,958 GWh. Additionally, the gross transaction value saw a 74% YoY increase, amounting to RMB4.7 billion (US$661.6 million).
NaaS's network is expansive, connecting 875,655 EV chargers across 77,017 charging stations as of the end of 2023. This extensive network is further bolstered by strategic partnerships with leading national operators and automobile manufacturers, including Deepal Automobile, GAC Energy Technology Co., Ltd., and Great Wall Motors. These collaborations not only enhance NaaS's service offerings but also strengthen its technological capabilities, enabling it to deliver optimized energy solutions worldwide.
One of the notable recent developments includes NaaS's partnership with Beijing Car Network New Energy Co., Ltd. (CNNE), aimed at improving the connectivity and customer flow of public EV charging piles in Beijing. This collaboration is set to integrate NaaS's digital capabilities with CNNE's charging stations, providing EV owners with enhanced services such as pricing information, one-click charging, and online payment options.
NaaS has also been recognized in the Global Unicorn Index, highlighting its status as a significant player in the new energy sector. The company's digital solutions in energy management, including the NEF (NaaS Energy Fintech) system, are designed to optimize the operation, trading, and coordination of transport energy. This innovation underscores NaaS's commitment to leveraging AI and digital technologies to drive high-quality development in the energy sector.
NaaS Technology Inc. is not only transforming the EV charging landscape but also positioning itself as a pivotal force in the global energy transition. With its continuous focus on innovation, strategic partnerships, and financial growth, NaaS is set to play a crucial role in the future of sustainable energy solutions.
NaaS Technology Inc. (NASDAQ: NAAS) is set to report its unaudited financial results for the fourth quarter and full year ended December 31, 2022, following the U.S. market close on April 21, 2023. The Company, a leading electric vehicle charging service provider in China, will host an earnings conference call at 9:00 PM U.S. Eastern Time on the same day. Participants can register online to receive dial-in information and access a live and archived webcast on the investor relations website. As of December 31, 2022, NaaS had over 515,000 connected chargers, with a charging volume of 2,753 GWh and a gross transaction value of RMB 2,701 million for 2022. NaaS began trading on Nasdaq on June 13, 2022, under the ticker NAAS.
During the 2023 MPLS SD & AI Net World Congress in Paris, Huawei successfully held a technology summit focused on 'Continuous Innovation in IP Domain, Boost New Growth'. This event discussed strategies for carriers to enhance their IP networks through digital managed network solutions, aiming to transition from ISPs to MSPs and stimulate B2B service growth. Key insights included the necessity for intelligent connections and bandwidth enhancement in IP networks, as highlighted by analyst Sameer Malik. Huawei's vision for future network architecture emphasizes ultra-broadband, high automation, and green design. The summit also showcased advancements in the SRv6 protocol, with more than 160 global deployments. Huawei expressed readiness to collaborate with carriers to evolve converged IP networks, exploring new business models and digital transformation opportunities.
NaaS Technology Inc. (Nasdaq: NAAS) held its 2023 annual general meeting in Beijing on April 19, 2023, where shareholders approved three key resolutions. The approved measures included an ordinary resolution to increase the Company's authorized share capital, a special resolution to amend the memorandum and articles of association to reflect this capital increase, and another ordinary resolution granting directors and officers the authority to implement these changes. This decision aligns with NaaS's strategy as a leading electric vehicle charging service provider in China, where it has connected over 515,000 chargers and achieved a gross transaction value of RMB2,701 million in 2022.
The global SASE Market is projected to grow from USD 1.9 billion in 2023 to USD 5.9 billion by 2028, representing a 25.0% CAGR. Key drivers include the growing preference for remote work, increased public cloud traffic, and the importance of network security. Among market segments, Network as a Service (NaaS) is expected to dominate, bolstered by the rise in cloud computing and SDN technologies. Additionally, large enterprises are adopting cloud-first strategies to enhance security for cloud applications. The Asia Pacific region is forecasted to experience the highest growth due to proactive government initiatives in data security amidst rising cyber threats.
Productronica China 2023 took place from April 13 to 15, showcasing the booming EV industry. NaaS (NASDAQ: NAAS), a leading new energy service provider in China, displayed innovative products, including a compact charging robot designed for unmanned driving scenarios, utilizing deep learning and V2X technologies. NaaS has partnered with 80% of vehicle OEMs in China to offer smart charging solutions. The company showcased a wide range of charging equipment, including a 480kW DC charging stack to address 'charging anxiety' and various AC charging piles certified by TUV Rheinland. By the end of 2022, NaaS connected 515,000 chargers, handling 2,753 GWh of charging, which accounted for 20% of China's public charging volume. The exhibition featured nearly 800 innovative companies, emphasizing key trends in green electrification in the EV sector.
PacketFabric and Unitas Global have merged, forming a leader in software-defined networking. This merger positions PacketFabric as a premier Network as a Service (NaaS) provider, enhancing capabilities for public and private transport services. Key offerings include PacketFabric Converge™, which enables on-demand connectivity, and Nexus™ automation, providing agile internet services. The merger aims to create a fully programmable internet for enterprises. Digital Alpha Advisors played a pivotal role in this merger, driven by market feedback to establish a strategic platform.
NaaS Technology Inc. (NAAS), a leading electric vehicle charging service provider in China, has launched its first self-developed automatic charging robot. This robot features active vehicle locating, smart charging, and automated payment settlement, addressing the growing demand for mobile charging solutions. With advanced technologies such as 5G and deep learning, the robot facilitates unmanned charging, allowing EVs to connect autonomously. As of December 31, 2022, NaaS had over 515,000 connected chargers and achieved a 126% increase in gross transaction value year-over-year, highlighting its rapid growth and robust market position in the EV sector.
Nile, a leader in enterprise network as a service (NaaS), announced enhanced security features aimed at combating increasing cyber threats. Their zero trust approach simplifies network security management while ensuring every user and device is authenticated before gaining access. Key benefits include strict identity-based authentication, malware isolation, and encrypted communication across the network. Nile's solution is designed to mitigate operational risks and improve IT security, promising reduced and predictable costs. As cyberattacks rise, Nile aims to provide organizations with secure connectivity without the high costs of traditional networks.
Africa Mobile Networks announces the successful financial close of a US$20 million senior secured loan facility, aiding the rollout of mobile communications towers in rural Africa. The facility, funded by BlueOrchard Sustainable Assets Fund and the OP Finnfund Global Impact Fund I, aims to make AMN a leading rural telecom provider across 20 Sub-Saharan countries, reaching a population of over 35 million.
This financing follows a US$36 million equity investment in 2021, supporting AMN's objective to address mobile coverage gaps for the 1.1 billion people in Sub-Saharan Africa, where over 300 million people lack usable mobile network service.
NaaS Technology Inc. (Nasdaq: NAAS), a leading electric vehicle (EV) charging service provider in China, announced that President and CFO Alex Wu will present at the 'Electric Vehicle & Auto Tech Virtual Conference' hosted by the Maxim Group on March 30, 2023, at 9:30 AM Eastern Time. This event will be live on M-Vest, and attendees can register to join. As of December 31, 2022, NaaS had over 515,000 connected chargers, with a 123% increase in charging volume to 2,753 GWh in 2022, translating to a gross transaction value of RMB2,701 million. NaaS started trading on Nasdaq under the symbol NAAS on June 13, 2022.
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