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Venture Capital
powercloudvc.com

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Investments

32

Portfolio Exits

2

About PowerCloud

PowerCloud is a China-based venture capital firm focused on early-stage investments in artificial intelligence, robotics, unmanned aerial vehicles, big data, and other related areas.

PowerCloud Headquarters Location

801 Block A, Dinghao Electron Plaza No.3 Haidiandajie Rd., Haidian Dist

Beijing, Beijing, 100080,

China

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Latest PowerCloud News

09:00 ET powercloud and KloudGin Announce Partnership to Advance Digital Transformation Efforts for Energy and Utilities Industr...

Mar 1, 2022

News provided by Share this article Share this article ALPHARETTA, Ga., March 1, 2022 /PRNewswire/ -- powercloud, the world's fastest growing CIS/billing system in the energy and utilities industry, today announced a partnership agreement with KloudGin, the only combined field service and asset management software solution. powercloud and KloudGin join forces to enable the energy and utilities industry to dramatically improve operational efficiencies between the back office, field technicians and their customers. The KloudGin combined EAM and FSM platform, together with powercloud processing and billing service offerings, will help energy and utility companies reduce the cost to serve their customers and improve the customer experience. The KloudGin and powercloud platforms were both originally developed as native cloud solutions, eliminating much of the headaches that result from legacy applications adapted to the cloud. Both platforms run on Amazon Web Services (AWS) globally. "More than ever, optimizing work and asset performance is imperative to eliminate back-end redundancies and increase operational efficiencies of energy and water delivery systems. As the industry addresses historic challenges and explores alternative revenue streams, KloudGin, in partnership with powercloud, will lead the way to digital transformation," said Vikram Takru, Co-founder & CEO, KloudGin Inc. "KloudGin and powercloud will provide an overall better experience for service agents, field service and the end customer through data collection, automated communication, and real-time access to information." said Steven Dawson, Vice President & Country Manager for powercloud North America. "Working together with KloudGin, we can now collect more data to empower the field workers and bring in more automation when and where they want it." Dawson stated, "KloudGin will be offered as part of the powerApp Store and exemplifies how powercloud is transforming the industry by integrating Field Service, Work and Asset Management into our core CIS/Billing platform." KloudGin and powercloud will showcase the alliance to North American utility professionals during an upcoming Webinar on April 21st. Hosted by TMG Consulting, the webinar will present several use cases between the customer and back-office using Automation and Artificial Intelligence (AI) to seamlessly enrich the customer experience. About powercloud powercloud, the fastest growing billing system in the industry, promotes the development of innovative energy brands and green offers making existing suppliers, network & metering point operators, and municipal utilities ready, relevant and agile for customers and markets alike. powercloud has been offering an open SaaS solution for the energy industry since 2012 and  already manages around 10 million contractual relationships with an associated turnover of around €6 billion – with another 20 million contracts in the process of being migrated today. www.power.cloud/en About KloudGin, Inc. KloudGin, Inc. is the only combined one-cloud industry-focused field service and asset management solution that automates work management processes, enables customer self-service, and increases worker productivity. KloudGin's solutions unlock new revenue streams and business models for operations with complex mobile workforce, asset management and field service requirements. KloudGin connects customers, employees, sub-contractors, and assets with AI-powered access to information on any device. www.kloudgin.com SOURCE Powercloud GmbH

PowerCloud Investments

32 Investments

PowerCloud has made 32 investments. Their latest investment was in Shentu Technology as part of their Seed VC on August 8, 2020.

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PowerCloud Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/27/2020

Seed VC

Shentu Technology

Yes

1

7/17/2019

Seed VC

Zhijing Technology

Yes

1

4/24/2019

Series A

Tosharing

Yes

9

4/8/2019

Seed VC

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10

12/29/2018

Seed VC

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10

Date

8/27/2020

7/17/2019

4/24/2019

4/8/2019

12/29/2018

Round

Seed VC

Seed VC

Series A

Seed VC

Seed VC

Company

Shentu Technology

Zhijing Technology

Tosharing

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Amount

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

9

10

10

PowerCloud Portfolio Exits

2 Portfolio Exits

PowerCloud has 2 portfolio exits. Their latest portfolio exit was Tosharing on October 20, 2020.

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

10/20/2020

Acquired

$99M

1

12/8/2017

Acquired

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$99M

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10

Date

10/20/2020

12/8/2017

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

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