Teld New Energy Revenue, Valuation, Funding & Investors

Teld New Energy is valued at $193M as of January 2020.

See full Teld New Energy profile

Last Teld New Energy valuation

$193M

Series A · Jan 2020

Last Teld New Energy funding round

$192M

Series A · Mar 2020

Teld New Energy revenue

$241M

Undisclosed stage · Dec 2019

Key investors in Teld New Energy

China Structural Reform Fund
CDH Investments
Qingdao TGOOD Electric
China Development Bank Capital
China Reform Fund Management
China Reform Holdings Corporation

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Teld New Energy Overview

About Teld New Energy

Teld New Energy is a Qingdao-headquartered provider of modular electric vehicle charging systems established in 2014. Its drawer-type AC and DC modules support flexible configurations up to 240 kW for fleet and commercial stations. The company deploys solutions in China with features like remote monitoring and plug-and-charge compatibility for battery swapping stations.

Founded

2014

HQ

Qingdao

Website

teld.cn

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$241M (Dec 2019)

Valuation

$193M (Jan 2020)

Sectors

Electric Vehicles Energy Infrastructure Energy Equipment ClimateTech EnergyTech

Teld New Energy Valuation

Teld New Energy is currently valued at $193M, based on its Series A in January 2020.

The $7M round included Gaopeng Gong Chuang, China Reform Fund Management and China Structural Reform Fund.

Teld New Energy's valuation has moved from $1.1B at its undisclosed-stage round in December 2019 to $193M in January 2020, across 2 priced rounds.

Teld New Energy valuation by funding round

Revenue multiple

Teld New Energy valuation by funding round
Date	Stage	Valuation	Revenue Multiple
Jan 2020	Series A	$193M	-
Dec 2019	Undisclosed stage	$1.1B	4.6x

Teld New Energy Revenue

Teld New Energy's latest recorded revenue is $241M, as of its undisclosed-stage round in December 2019. At a $1.1B valuation, that implies a 4.6x revenue multiple.

Teld New Energy revenue by funding round

Teld New Energy revenue and valuation multiple by funding round
Date	Revenue *	Valuation	Revenue Multiple	Stage
Dec 2019	$241M	$1.1B	4.6x	Undisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Teld New Energy Funding History

Teld New Energy has raised a total of $393M across 4 funding rounds.

Teld New Energy's first fundraising round was a $500K angel round in August 2016. The most recent completed round was a $192M Series A in March 2020.

Teld New Energy funding rounds

Teld New Energy funding rounds
Date	Stage	Investors	Raised	Valuation	Deal Summary
Mar 2020	Series A	CDH Investments (lead); China Reform Holdings Corporation (lead); China Structural Reform Fund (lead); Tiefa Capital	$192M	-	Teld New Energy, a subsidiary of TGOOD Electric (300001:SZ), is a leading operator of electric vehicle (EV) charging stations in China, focusing on construction, operation, and value-added SaaS services for charging networks. Established in 2014 and headquartered in Qingdao, the company has built over 190,000 charging piles across 282 cities, holding the top market share in 70% of its operational cities as of early 2020, with 148,083 piles by December 2019, surpassing competitors like StarCharge and State Grid. Teld operates joint ventures in 88 cities and partners with 213 entities, opening around 40,000 charging piles collaboratively. This capital injection supported expansion in the burgeoning EV charging infrastructure market, where NEV ownership reached 3.44 million by mid-2019, driving demand for charging networks. China's public and private charging piles totaled 1.22 million by end-2019, up 50.8% year-over-year. The company's growth coincides with national EV production and sales hitting 1.367 million units in 2020, underscoring its role in supporting the EV ecosystem transition. Financially, Teld reported operating revenue of RMB 1.52 billion in 2020, following RMB 1.66 billion in 2019 and RMB 389 million in 2018, alongside net losses narrowing from RMB -136 million to RMB -78 million over the same period.
Jan 2020	Series A	Gaopeng Gong Chuang; China Reform Fund Management; China Structural Reform Fund	$7M	$193M	TELD New Energy is a Qingdao-based company operating in business and productivity software within the energy sector. The company raised $193 million in a Series A funding round, as reported in the KPMG Venture Pulse Q1 2020 report published in April 2020. This round involved investors China Reform Fund Management, China Structural Reform Fund, and Gaopeng Gong Chuang. The company's later Hong Kong Stock Exchange filings from 2026 indicate substantial revenue operations, with reported revenues in the range of RMB 10-16 billion across recent fiscal periods, though these post-date the Series A round by several years.
Dec 2019	Undisclosed stage	Beijing Jinhui Xingye Investment Management; Qingdao TGOOD Electric; China Structural Reform Fund; CDH Investments	$193M	$1.1B	Teld New Energy (also referred to as Teld) is a Chinese company founded in September 2014, primarily engaged in the construction and operation of new energy vehicle charging networks and related value-added internet services. It operates as a subsidiary of Qingdao Tgood Electric Co Ltd, a Chinese electrical equipment maker. In 2018, 2019, and 2020, Teld reported operating revenue of RMB 389 million, RMB 1.66 billion, and RMB 1.52 billion respectively, alongside net losses of RMB -136 million, RMB -111 million, and RMB -78 million. A later investment in 2021 saw Teld receive approximately RMB 280 million ($44 million) from strategic investors including GLP, State Power Investment Corporation, China Three Gorges Corporation, and EVE Energy, which priced shares at RMB 14.6 yuan per share for a post-money valuation of approximately RMB 13.6 billion. This increased Teld's shareholder count from 16 to 26. The company's growth aligns with China's expanding new energy vehicle (NEV) market, where charging infrastructure demand surges alongside NEV adoption. By May 2021, China had about 5.8 million NEVs, representing 50% of the global total, with production and sales exceeding 900,000 units from January to May, up 2.2 times year-on-year.
Aug 2016	Angel	China Development Bank Capital; Qingdao TGOOD Electric	$500K	-	-

Who has invested in Teld New Energy?

9 investors have backed Teld New Energy across its funding rounds, including China Structural Reform Fund, CDH Investments, Qingdao TGOOD Electric, China Development Bank Capital, China Reform Fund Management and China Reform Holdings Corporation.

Lead investors include CDH Investments, China Reform Holdings Corporation and China Structural Reform Fund.

Teld New Energy Investors

Investors in Teld New Energy by funding rounds participated
Investor	HQ	Rounds	Role	First check
China Structural Reform Fund	Beijing	3	Lead	Dec 2019
Qingdao TGOOD Electric	Hangzhou	2	Participant	Aug 2016
CDH Investments	Hong Kong	2	Lead	Dec 2019
Gaopeng Gong Chuang	Shenzhen	1	Participant	Jan 2020
China Development Bank Capital	Beijing	1	Participant	Aug 2016
China Reform Fund Management	China	1	Participant	Jan 2020
China Reform Holdings Corporation	Beijing	1	Lead	Mar 2020
Tiefa Capital	Jinan	1	Participant	Mar 2020
Beijing Jinhui Xingye Investment Management	Beijing	1	Participant	Dec 2019
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

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Teld New Energy Competitors

Teld New Energy competitors include listed companies like EVgo and Electreon Wireless, and private ones like Matter, Monta, Quantron and Connected Kerb.

Public and private companies comparable to Teld New Energy
Company	HQ	Status	Revenue	EBITDA	Valuation	Revenue Multiple
Matter	India	Private	$26M	-	$204M	7.8x
EVgo	United States	Publicly listed	$384M	($18M)	$209M	2.1x
Electreon Wireless	Israel	Publicly listed	$5M	($33M)	$233M	-
Monta	Copenhagen	Private	-	-	$155M	-
Quantron	Gersthofen	Private	$15M	-	$245M	16.3x
Connected Kerb	London	Private	-	-	$261M	-

Teld New Energy Public Comps

Teld New Energy is still privately-owned, but its public comps include OMS Energy Technologies, Transportadora de Gas del Norte, Prosafe, EVgo, KN Energies, Renewal Fuels, NorAm Drilling, Niu Technologies, Smart Sand and NET Power.

	Last FY		EV/Revenue			EV/EBITDA
	Revenue	EBITDA	Last FY	LTM	2027E	Last FY	LTM	2027E
OMS Energy Technologies	$156M	$42M	0.3x	0.4x		1.3x	1.4x
Transportadora de Gas del Norte	$397M	$264M	0.0x	-		0.1x	-
Prosafe	$188M	$17M	2.4x	2.5x		27.5x	11.5x
EVgo	$384M	($18M)	2.2x	2.1x		(46.9x)	(78.2x)
KN Energies	$121M	$62M	4.0x	-		7.9x	-
Renewal Fuels	$690K	($11M)	246.6x	-		(15.7x)	-
NorAm Drilling	$101M	$20M	2.1x	1.9x		10.5x	8.4x
Niu Technologies	$642M	$4M	0.1x	0.1x		10.4x	(2.6x)
Smart Sand	$330M	$25M	0.8x	0.8x		10.3x	-
NET Power	-	($1.6B)	-	-		(0.1x)	(0.3x)
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Common questions about Teld New Energy

When was Teld New Energy founded?	Teld New Energy was founded in 2014.
Where is Teld New Energy headquartered?	Teld New Energy is headquartered in Qingdao, China.
Is Teld New Energy publicly listed?	No, Teld New Energy is a private, VC-backed company.
What is Teld New Energy's valuation?	Teld New Energy was last valued at $193M in its Series A in January 2020.
How much funding has Teld New Energy raised?	Teld New Energy has raised $393M across 4 funding rounds.
What was Teld New Energy's last funding round?	Teld New Energy's last funding round was a $192M Series A in March 2020, led by CDH Investments, China Reform Holdings Corporation and China Structural Reform Fund.
Who are Teld New Energy's investors?	Teld New Energy's investors include China Structural Reform Fund, Qingdao TGOOD Electric, CDH Investments, Gaopeng Gong Chuang, China Development Bank Capital, China Reform Fund Management, China Reform Holdings Corporation, Tiefa Capital and Beijing Jinhui Xingye Investment Management.
What is Teld New Energy's revenue?	Teld New Energy's latest recorded revenue is $241M (December 2019).
What is Teld New Energy's revenue multiple?	Teld New Energy's latest valuation implies a 4.6x revenue multiple ($1.1B valuation on $241M of revenue).
Which companies are comparable to Teld New Energy?	Companies comparable to Teld New Energy include Matter, EVgo, Electreon Wireless, Monta, Quantron and Connected Kerb.

See companies similar to Teld New Energy

EVgo

EVgo owns and operates a public direct current fast-charging network in the US. Its network of charging stations provides electric vehicle charging infrastructure to consumers and businesses. The network is capable of charging all EV models and meets all charging standards currently available in the US. EVgo partners with national and regional chains of grocery stores, automotive original equipment manufacturers, hotels, shopping centers, gas stations, parking lot operators, local governments, and independent property owners to locate and deploy its EV charging infrastructure.

Electreon Wireless

Electreon Wireless Ltd is engaged in developing smart road technology designed for wireless charging solutions for electric vehicles (EVs). The company delivers cost-effective, end-to-end charging infrastructure and services. It also includes dynamic charging wireless Electric Roads, to fleet operators through flexible business models accelerating electric vehicle adoption.

Monta

Monta is a Copenhagen-headquartered software platform for EV charging infrastructure management across Europe. The company provides tools for operators to launch networks, an app for drivers, and a portal integrating access, billing, and analytics to support emobility adoption.

Connected Kerb

UK-based Connected Kerb is an EV charging infrastructure provider offering modular, grid-friendly solutions for public spaces, workplaces, fleets, and car parks, integrating power sharing and data analytics to support urban electrification and net-zero goals.

Zunder

Zunder is an electric vehicle charging network operator headquartered in Madrid, Spain. The company deploys fast-charging stations at destinations including hotels, restaurants, and supermarkets across Spain and Portugal. Chargers support solar energy capture through integrated panels on station roofs, enabling grid contributions during low-demand periods. Zunder's app facilitates pay-per-use access without mandatory subscriptions. Launched in 2020, the network emphasizes bidirectional energy flow and seamless integration for EV drivers traveling the Iberian Peninsula.

Wallbox

Wallbox NV is a smart electric vehicle charging and energy management company. It creates a smart charging system combining technology design that manages the communication between the user, vehicle, grid, building, and charger. The company designs, manufactures, and distributes faster, simpler EV charging solutions for residential, business, and public use. Its smart charging product portfolio includes Level 2 alternating current chargers for home and business applications and direct current fast chargers for public applications. The company has three reportable operating segments; Europe, Middle East and Asia (EMEA), its key revenue-generating segment, North America, and Asia-Pacific.

Digital Currency X

Chijet Motor Company Inc is engaged in the development, manufacture, sales, and service of new energy vehicles (NEV), hybrid vehicles and traditional fuel vehicles in China. New energy vehicles refer to plug-in electric vehicles, including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans. The company generates all of its revenue from PRC.

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