XCharge, Asia Green Fund's Portfolio, Successfully Listed on Nasdaq
Rhea-AI Summary
XCharge (NASDAQ: XCH), a global leader in integrated EV charging solutions, has successfully completed its initial public offering on Nasdaq. Founded in 2015, XCharge focuses on innovative new energy technologies and sustainable development. The company offers comprehensive EV charging solutions, including DC fast chargers and advanced battery-integrated DC fast chargers.
XCharge has developed one of the world's first two-way energy storage charging piles, the Net Zero Series, which has been commercialized in Europe, North America, and Asia. According to Frost & Sullivan, XCharge was one of Europe's leading suppliers of high-power charging solutions in terms of sales volume in 2023. The company aims to provide global optimization solutions and develop market-specific products to offer net zero and affordable solutions worldwide.
Positive
- Successfully completed IPO on Nasdaq (NASDAQ: XCH)
- One of Europe's leading suppliers of high-power charging solutions in 2023
- Developed one of the world's first two-way energy storage charging piles
- Commercialized products in Europe, North America, and Asia
Negative
- None.
News Market Reaction
On the day this news was published, XCH gained 65.50%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
XCharge, founded in 2015, is a global leader in integrated EV charging solutions, focusing on Innovative New Energy Technologies and Sustainable Development . The Company offers comprehensive EV charging solutions which primarily include the DC fast chargers, the advanced battery-integrated DC fast chargers, as well as its accompanying services, assisting the rapid development of the new energy industry.
XCharge has developed one of the world's first two-way energy storage charging piles – the Net Zero Series DC high-power charging energy storage equipment, which has been commercialized in
Aatish Patel, President and Co-founder of XCharge North America, said: "Our mission is far more than building EV charging piles, but to enable everyone to enjoy the convenient, fair and practical sustainable energy. Now for XCharge, IPO is a milestone, and in the future, XCharge will continue to provide global optimization solutions based on the infrastructure and to develop products for specific markets to provide net zero and affordable solutions worldwide, so that everyone can participate in and jointly build a more resilient and sustainable future!"
Dr. Bo Bai, Chairman and Founder of Asia Green Fund, said: "Congratulations to XCharge's IPO. As a shareholder of XCharge, Asia Green Fund is very honored to have participated in and witnessed its growth. We share the same vision of low carbon and sustainable development. The follow-up will be more anticipated that the company expand its influence globally and highlight its greater value on promoting Net Zero future.
View original content:https://www.prnewswire.com/news-releases/xcharge-asia-green-funds-portfolio-successfully-listed-on-nasdaq-302251154.html
SOURCE Asia Green Fund
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