Vese New Energy, a vaping battery R&D company, secures tens of millions of yuan in Pre-A funding
Recently, Huizhou Vese New Energy Co., Ltd. (hereinafter referred to as “Vese New Energy”) successfully secured tens of millions of yuan in Pre-A round investment from industrial capital. Currently, Vese New Energy is preparing to initiate a new round of financing, with Yiren Capital continuing to serve as the exclusive financial advisor. This round of financing will mainly be used for capacity expansion, technology research and development, and management enhancement, aiming to expand new production lines and fulfill larger, more comprehensive orders based on continuous product iteration, further accelerating Vese's globalization in the vaping battery and other battery fields.
Huizhou Vese New Energy Co., Ltd. (WES) is headquartered in Huizhou and is a national high-tech enterprise dedicated to the research and development, production, and marketing of rechargeable lithium-ion battery cells, packaging, and system integration. The lithium batteries produced by Vese are widely used in smart equipment, robotics, electronic vaporizers, vehicle systems, power tools, and various consumer electronics and light-duty vehicles, as well as energy storage systems.
Vese possesses comprehensive barriers in product technology, production systems, cost control, and quality customers, being one of the earliest developers of vaping batteries in China, with profound industry insights, a standard-setting enterprise for vaping batteries, and the first domestic battery company to pass the new national standard safety tests for vaping devices, as well as the first to win domestic tobacco HNB tenders. Vese's products focus on high safety performance, high energy density, and long cycle life, with these technical indicators reaching industry-leading levels. Vese has a cleanroom below 10,000 levels, high-efficiency and high-precision automated production lines, a meticulous quality monitoring system, and a smooth lean production management system, producing efficiently, with an annual output of nearly 200 million units, while also possessing flexible and automated manufacturing capabilities. The company has three major series of polymer cylindrical batteries, polymer square batteries, and polymer special-shaped batteries. In terms of cost control, through cooperation with top raw material suppliers, continuous technological iteration, pursuit of excellence in processes, and meticulous internal management, both material and labor costs have reached industry-leading levels. In terms of customers, Vese has become a core supplier for many leading vaping brands, with a market share exceeding 10% in the high-end market, and its products are sold globally. Meanwhile, it actively collaborates with China Tobacco to layout the Chinese vaping market.
The management team members of the company are all seasoned talents in the lithium battery new energy industry, being among the first leaders in China's lithium battery sector, with over twenty years of design, development, and manufacturing technology experience in lithium-ion batteries, possessing rich skills in lean production and management experience. The technical team consists of seasoned talents in the lithium battery new energy industry, with nearly 20 years of industry experience, proficient in battery design and engineering manufacturing.
High-power fast-charging batteries have a wide application field and huge market demand, with each segment being a market worth hundreds of billions or trillions. The global total scale can reach trillions of yuan. The vaping battery is an excellent entry point, as the demand for vaping is rigid, with a huge and rapidly growing scale, making it a high-quality sector resistant to cycles. Currently, the global vaping market has exceeded 100 billion USD and is still in a rapid explosion phase, with China’s vaping export volume nearing 200 billion yuan, ranking first in the world. The introduction of vaping policies and the improvement and standardization of global regulations have led to the concentration of downstream brands and manufacturers, benefiting upstream leading suppliers with stable cooperation. As a top 2 supplier of vaping batteries, Vese possesses considerable comprehensive barriers, such as richer service experience, more advanced product technology, more complete product certifications, abundant production capacity, and lower production costs. Meanwhile, the downstream of the vaping industry has gone public in recent years, which will drive upstream core suppliers to initiate the capitalization process.
Vese adheres to the corporate values of "innovation, focus, integrity, and win-win," positioning high technology, high quality, and high stability as the core competitiveness of the company, aiming to exceed customer needs, continuously striving, surpassing itself, and contributing to a better lifestyle for humanity in the vast field of new energy while pursuing development and creating brilliance.
