Investment Partnership Signed｜Honex Backs Sinovcoo in Seed-Round Deal

Last week, Sinovcoo marked a defining milestone in its growth journey, officially signing a seed-round investment agreement with Honex Supply Chain (Shenzhen) Co., Ltd.. Snowlakes Venture Capital participated fully as a key shareholder. This financing round, valued at over RMB 10 million, reflects strong investor confidence in Sinovcoo’s forward-looking strategy to deepen its footprint within the energy storage sector. Building on this momentum, we will steadily advance our core business expansion and deliver sustainable long-term returns for our shareholders and the broader industry.

Investor Backing-- A Vote of Confidence in Long-Term Growth

During the signing ceremony, Ken Cheng, Executive Director and General Manager of Honex, commented that the new energy industry is undergoing transformative change and unlocking substantial market potential. While Sinovcoo is an emerging force, it demonstrates deep-seated insight into the fundamental dynamics of the energy storage market. As an early-stage investor, we fully endorse the company’s strategic vision and execution capability. We look forward to fueling Sinovcoo’s rapid expansion and supporting its evolution into an industry game-changer through capital-driven empowerment.

Notably, Honex brings far more than pure financial investment. As a well-established supply-chain player in the Guangdong-Hong Kong-Macao Greater Bay Area, it owns a fully-fledged industrial ecosystem across logistics and supply-chain segments. Following the completion of this funding round, both parties will enter a close-knit collaboration, shifting the partnership from financial support toward comprehensive industrial empowerment.

Strategy Execution-- Building Defensible Core Advantages

Rocky, Founder of Sinovcoo, expressed gratitude for the trust and backing extended by Honex. He stated that closing the seed-round investment will significantly accelerate delivery of the company’s core strategy. Capital will be prioritized across three key focus areas:

- Technology breakthroughs: Scale-up R&D investment targeting battery swapping in logistics.

- Product advancement: Continuously refine our energy-storage product portfolio to achieve outstanding performance and deliver an exceptional, user-centered experience.

- Talent development: Recruit top-tier technical and managerial talents to cultivate a high-performing, robust core team.

“Guided by this new milestone, we will uphold a long-term perspective and spearhead efficiency-driven transformation within the energy storage sector through technological innovation,” emphasized Rocky, Founder of Sinovcoo.

Looking Ahead-- Committed to Sustained, Long-Term Value Creation

With seed funding secured, Sinovcoo enters a phase of accelerated growth. Staying true to our core principles of Integrity, Collaboration and Sharing, we will advance toward our strategic objectives while boosting operational efficiency and service standards. Moving forward, Sinovcoo will focus on deep-level integration of upstream and downstream resources to support the steady product deployment. We firmly believe that by strengthening capabilities and advancing step-by-step, we can generate time-tested business outcomes, reward our investors’ confidence and create lasting shared value for all stakeholders.