SPI Energy Co. Ltd., a global provider of PV solutions for business, residential, government and utility customers, has closed on its investment of RMB 30 million for a 60% stake in Beijing Yiwei New Energy Technology Development Co., an Internet-based electric vehicle rental service provider located in China.
The investment is expected to enable SPI Energy to provide solar energy to electrical vehicle users and supports the company's overall strategy to create a closed-loop solar energy ecosystem from power generation and power storage to power efficiency management.
SPI Energy believes that its ability to fund projects through its Solarbao.com platform will help Yiwei expand its existing fleet of electric vehicles.
