Boray Technology Financing

In October 2018, Boray Technology raised tens of millions of RMB in the angel round, with a valuation of 50 million RMB, and investors included Yijin Capital, etc. In January 2019, it received strategic investment of tens of millions of RMB, with a valuation of 100 million RMB, and investors included Boreton. In July 2021, it received tens of millions of RMB in the Pre-A round, with a valuation of 300 million RMB, and investors included Weichai Industry Fund, Boreton, and Dechen Capital. In August 2022, it received tens of millions of RMB in the A round, with a valuation of 700 million RMB, and investors included Liding Capital, Galaxy Ventures, Ruixia Capital, and Zaihe Capital. In 2022, the total fleet size will be 60 (vehicles), the mining area size will be 40 (vehicles), the port size will be 20 (vehicles), the mining area will be 5 (units), and the team size will be 60 (people).