Recently, Sino Soar Hybrid (Beijing) Technology Co., Ltd. (hereinafter referred to as “Sino Soar”) completed the first round financing of RMB 40 million. This round of financing was jointly invested by Beijing Guangrong Alliance Semiconductor Industry Investment Center (Limited Partnership) (hereinafter referred to as Guangrong Investment) and Beijing Zhongke Guangrong Venture Capital Center (Limited Partnership) (hereinafter referred to as Zhongke Guangrong).
Sino Soar was established in July 2015. It is a high-tech renewable energy company focusing on overseas solar mini-grid and off-grid business. With its own multi-energy complementary control system, reasonable and high-quality planning and design capabilities, and efficient resource integration capabilities, Sino Soar provides integrated energy and power services for areas with high electricity prices, unstable power supply areas and areas without electricity. Currently, the company has a wide range of business Countries and regions in Southeast Asia, Africa, and Central America.
“Power the world with hybrid energy” is Sino Soar’s corporate vision. At the beginning of naming, Sino Soar chose “SINO” as part of the company name. While bringing light to the “corner” regions of the world and improving energy efficiency, the company always remembers to show the demeanor of the Chinese people and its projects It is appreciated by users and received unanimous praise from the owners.
“Integrity, seeking truth from facts, and the spirit of ownership” are the values that Sino Soar people have always adhered to. Whether they treat customers, suppliers, or colleagues, they all act with such values. Inside the company, everyone is united sincerely, forming an atmosphere of co-creation, sharing and sharing. Everyone can express their own opinions and unite their thoughts to work hard towards a common goal. Outside the company, they can cooperate with investors, customers and suppliers in good faith for mutual benefit and win-win results, forming a good and close cooperative relationship.
Sino Soar continues to build comprehensive competitiveness. In addition to leading the international mini-grid market, Sino Soar is also increasing its investment in technology research and development, and has achieved gratifying results. Sino Soar R&D team successfully applied the self-developed EMS (Solar Microgrid Energy Management System) in the Myanmar solar microgrid project, and in the implementation of the Maldives project, combined with the actual situation, the energy management system was upgraded again to let the commissioning cycle shorter, system stability and reliability are further enhanced. At present, the technical performance of this EMS can surpass Czech and German technology to the tier one list.
The financing introduced two industrial funds, Guangrong Investment and Zhongke Guangrong. On the one hand, the resources of the industry fund can be combined to accelerate the company’s business layout and development. On the other hand, the company will strengthen its own research and development capabilities and further accelerate the upgrade and expansion of research and development products.
The main sponsors of the Beijing Glory Alliance Semiconductor Industry Investment Center include listed companies, local government funds and social capital. The three listed companies are National Star Optoelectronics, Unilumin Technology and Hongli Optoelectronics. Local government funds include the Zhongguancun National Independent Innovation Demonstration Zone Venture Capital Guidance Fund and the Beijing Zhongguancun Modern Service Industry Venture Capital Guidance Fund managed by Yizhuang State Investment.
Beijing Zhongke Guangrong Venture Capital Center was jointly initiated by Zhongke Industrial and Guangrong Asset, the second largest group under the Chinese Academy of Sciences. It is a special guiding fund focusing on new materials and environmental protection industries.