XING Technology, the holding company of Taiwan-based XING Mobility, an advanced battery technologies company founded in 2015, will be closing its Series B Equity Round led by Kubota Corporation (TYO: 6326), a manufacturer of agricultural and industrial machinery, by the end of 2023.
This strategic investment accelerates Kubota’s roadmap toward machinery electrification, promoting sustainability in agriculture and beyond. It also enables XING Mobility to expedite the development of immersion cooling battery systems.
Led by Royce YC Hong, Co-founder & CEO, XING Mobility has developed the patented IMMERSIO immersed cooling battery system, which can be applied to a wide range of electric vehicles and energy storage systems, creating a stable and safe thermal management solution for battery systems, and providing a safer and more reliable option for the industrial energy transition. With more than 15 multinational partners and customers, and more than 20 vehicle electrification projects and energy storage system projects around the world, the company is committed to expanding its immersed cooling battery technology and working with the global partners to realize a sustainable future.
FinSMEs
20/12/2023