U Power Limited

About U Power Limited

U Power Limited (Nasdaq: UCAR) is a company focused on vehicle electrification for the commercial transportation industry. Established in 2013, it went public on NASDAQ in 2023 as the first stock globally in the battery swap technology sector. The company aims to make electric vehicles free from range anxiety through innovative solutions like the 'UOTTA™' battery swap technology, integrating photovoltaics, energy storage, and smart grids to provide efficient, environmentally friendly, and economical solutions.

Products & Services

Intelligent Charging Station:A smart charging solution for electric vehicles.

Bus Swapping Station:Battery swapping station designed for buses in commercial transportation.

Energy Storage Stations:Customer-side energy storage solutions for commercial use.

Electric Bike & Tricycle Swapping Station:Battery swapping station for electric bikes and tricycles.

Universal Battery Swap Station:A versatile battery swapping solution for various vehicle types.

Specialties

Battery Swap Technology (UOTTA™) Vehicle Electrification Smart Grid Integration Energy Storage Solutions Photovoltaic Integration

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Registered Direct Offering and Concurrent Private Placement T: - FT: Registered Direct Offering and Concurrent Private Placement	A: 5000000 MR: - FA: approximately $5.0 million FAN: 5000000	D: 2025-01-27 FD: 2025-01-27	1 investors
2	RT: Registered Direct Offering and Private Placement T: - FT: Registered Direct Offering and Private Placement	A: 5000000 MR: - FA: approximately $5.0 million FAN: 5000000	D: 2025-01-24 FD: 2025-01-24	1 investors
3	RT: Follow-on Offering T: - FT: Follow-on Offering	A: 12000000 MR: - FA: US$12,000,000 FAN: 12000000	D: 2023-12-06 FD: 2023-12-06	-
4	RT: Follow-on Offering T: - FT: Follow-on Offering	A: 12000000 MR: - FA: US$12,000,000 FAN: 12000000	D: 2023-12-04 FD: 2023-12-04	-
5	RT: Initial Public Offering T: - FT: Initial Public Offering	A: 14500000 MR: - FA: approximately US$14.50 million FAN: 14500000	D: 2023-04-20 FD: 2023-04-20	2 investors

Registered Direct Offering and Concurrent Private Placement Latest

2025-01-27

$5.0M

1 investor (Pro only)

Registered Direct Offering and Private Placement 2025-01-24

$5.0M

Follow-on Offering 2023-12-06

$12.0M

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

C

Cartier Lam

Recent News

U Power Limited Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised