Stoke Voltaics Raises $7.8 Million in Pre-A Fundraising Led by Lightspeed
Stoke Voltaics, a Chinese developer of outdoor 3C (computer, communications, and consumer) electronics hardware, has secured 50 million yuan ($7.8 million) in a Pre-A financing round led by Lightspeed China Partners and followed by Shunwei Capital and One Capital.
The proceeds will be used to develop innovative outdoor 3C products while also helping establish the company’s brand around the world. The money wlil also be used to incubate distributed energy devices and other product brands.
Chief Executive Officer of Stoke Voltaics, Marshall Yuan, spoke about the company’s business push, “We believe that human beings need to constantly explore unknown boundaries. Today, the area covered by the power grid is no more than 1%. With the popularization of distributed energy equipment, more and more human outdoor electricity needs will be expanded.”
Founded in August 2021, Stoke Voltaics designs, develops and sells outdoor 3C hardware products for the global market. Its energy brand provides personalized distributed energy solutions.
The founders of the company are graduates of top universities including Stanford University, Massachusetts Institute of Technology, Imperial College London, Nanjing University, and the Harbin Institute of Technology. They also have experience in building and commercializing outdoor technology brands.
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“With the popularization of distributed energy equipment such as energy storage power sources and movable solar panels, people will gradually begin to have the same or even better convenient lifestyle outdoors than indoors,” Yuan said after the fundraiser.