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Corporation
vie.com.cn

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Investments

8

Portfolio Exits

1

About Zhejiang VIE Science and Technology Company

Zhejiang VIE Science and Technology Company is a manufacturer of automotive parts based in Zhejiang Province, China.

Zhejiang VIE Science and Technology Company Headquarter Location

Zhuji, Zhejiang ,

China

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Latest Zhejiang VIE Science and Technology Company News

Evatran and Zhejiang VIE Science and Technology form JV to bring Plugless wireless charging to China EV market

Jul 15, 2016

Evatran and Zhejiang VIE Science and Technology form JV to bring Plugless wireless charging to China EV market 15 July 2016 Evatran Group and Zhejiang VIE Science and Technology Company (VIE) have formed a joint venture to integrate Plugless, Evatran’s wireless electric vehicle (EV) charging system, into the EVs of car manufacturers (OEMs) based in China. The new venture is called Zhejiang VIE Evatran Electronic Technologies Co. and was created with an initial investment of US$5 million. The joint venture pairs Plugless products and inductive charging technology with the manufacturing experience and long-term OEM customer relationships of VIE, a leading manufacturer of automotive parts based in Zhejiang Province, China. The joint venture expects Plugless EV charging to be in series production and commercially available with a China-based OEM in 2017. China is the fastest growing EV market in the world, and we see tremendous opportunities in bringing Plugless technology to the market. VIE is the perfect partner in this joint venture, working together toward another first with Plugless – series production of wireless EV charging. —Evatran CEO Rebecca Hough Plugless is the first and only wireless EV charger available for purchase by EV drivers. In 2013, Evatran completed field trials in partnership with Google, Hertz, SAP and Duke Energy. In March of 2014, Plugless EV charging became available to EV owners across the United States and Canada. Currently, Plugless supports 3.3kW charging for Chevy Volt, Nissan LEAF and Cadillac ELR EVs. Plugless is now also taking reservations for its interoperable 2nd Generation Plugless system, releasing first as a 7.2kW system for the Tesla Model S, then a 3.6kW system for the 2016 and 2017 Chevy Volt. Full production of the 2nd generation system begins early fall 2016.

Zhejiang VIE Science and Technology Company Investments

8 Investments

Zhejiang VIE Science and Technology Company has made 8 investments. Their latest investment was in Tongyu Automotive as part of their Corporate Minority - II on September 9, 2020.

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Zhejiang VIE Science and Technology Company Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/18/2020

Corporate Minority - II

Tongyu Automotive

No

1

7/23/2020

Series A - III

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$99M

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10

4/3/2018

Corporate Minority

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$99M

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10

7/19/2016

Series B

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$99M

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10

7/11/2016

Series B - II

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$99M

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10

Date

9/18/2020

7/23/2020

4/3/2018

7/19/2016

7/11/2016

Round

Corporate Minority - II

Series A - III

Corporate Minority

Series B

Series B - II

Company

Tongyu Automotive

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Amount

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

1

10

10

10

10

Zhejiang VIE Science and Technology Company Portfolio Exits

1 Portfolio Exit

Zhejiang VIE Science and Technology Company has 1 portfolio exit. Their latest portfolio exit was Protean Electric on May 31, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/31/2019

Acquired

4

Date

5/31/2019

Exit

Acquired

Companies

Valuation

Acquirer

Sources

4

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