VPO Announces Completion of RMB 30 Million Series A Funding

The domestic electronic vapor technology company VPO has announced the completion of a 30 million RMB Series A funding round, with this round of financing jointly invested by Handing Asset and Maoxin Capital. VPO founder Hao Xiaomeng stated that this financing will be used to enhance product quality and safety control, establish the VPO vapor technology laboratory, expand international markets, and build a new retail system and social e-commerce.

With the continuous attention of domestic capital and entrepreneurs to the vapor technology sector, consumer safety awareness is also increasing, and the electronic cigarette industry is rapidly upgrading. To this end, VPO has established the VPO Joint Vapor Technology Laboratory with top domestic technology universities, inviting top medical experts from home and abroad to jointly develop safer and more reliable vapor technology products, continuously improving the quality and reliability of VPO products according to international top certifications and safety standards. In terms of product innovation, VPO Mini Pro is positioned to be the best disposable vapor technology product in the country, continuously improving product quality, flavor, and safety. In April, it launched a nicotine-free product line and introduced new pod products, which will debut at the Shenzhen Electronic Cigarette Exhibition on April 14.

With the rapid development of the global electronic cigarette market, VPO has formulated an international market strategy and assembled an international team. VPO products have entered multiple countries and regions, including Malaysia, South Korea, Dubai, and Russia, and participated in the electronic cigarette technology exhibition in Berlin, Germany in June. In terms of offline new retail, VPO is actively innovating and experimenting. Currently, offline channels have entered many traditional chain convenience stores across the country, accumulating thousands of stores. At the beginning of 2019, VPO's "Hundred Cities Plan" has completed coverage in dozens of cities and thousands of offline stores. VPO has launched a new social e-commerce plan, recruiting hundreds of social group leaders, signing strategic cooperation with the new species enterprise Park Xiaoshuai in office scenarios, and launching an exclusive product line for social e-commerce.

Yuan Bo, founder of Handing Asset, believes that what attracts him most is VPO's product competitiveness. The design, quality, and flavor of VPO's disposable vapor products helped him successfully quit smoking within a month. In his view, the trend of traditional smokers using vapor technology products is irreversible, and VPO will become a very good alternative and companion product for many old smokers. He is very optimistic about VPO's industrial layout and pragmatic execution.

Xiao Zhiyue, chairman of Maoxin Capital, believes that with the enhancement of global smoking control and health awareness, vapor technology electronic products have huge market growth potential. Currently, both domestic and foreign market channel systems are immature, so the ability to penetrate and develop all channels is key to the team's success. He is very optimistic about VPO's efficient channel expansion capabilities and looks forward to VPO bringing more surprises to consumers in the vapor technology market.

VPO founder Hao Xiaomeng introduced that they will continue to increase research and investment in safe and high-quality products, aiming to create the best disposable vapor technology products in China. At the same time, VPO will strengthen cooperation and communication with domestic smoking control associations and NGOs, hoping to build an ecological system for vapor technology with more willing channel partners.