Transuite.org announced its controlled subsidiary Goldfinch-Chong secured an initial RMB 200 million strategic cooperation to expand AI-enabled electric two-wheeler charging infrastructure in China.
Key Highlights:
- Sichuan Wochuang intends to deploy an initial RMB 200 million (≈ $30M) to partner with Goldfinch-Chong on charging pile projects.
- Goldfinch-Chong will provide AI-enabled charging equipment, cloud management, data and installation/operation support for rollout.
- Goldfinch-Chong has deployed 100,000+ charging piles, serves 1.7M users, and holds 2 invention patents and 26 software copyrights.
- Cooperation aims to scale community-based charging networks across China to capture part of an estimated RMB 300B annual charging/battery replacement market.
Original SEC Filing:
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