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Kandi Technologies
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Developer of off-road and pure electric vehicles

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Company type Public Public (KNDI)
Company type

Industry Group transportation & logistics

Sector on-road vehicles

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters China Jinhua, China
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Updated by Cleantech Group on 08/09/2021

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Date Company
11/20/2013

City of Hangzhou City of Hangzhou

UPDATE: Kandi Technologies plans to build and supply 100,000 self-serving EV rentals through the EV rental project. 07/11/2012 The city of Hangzhou signed a strategic cooperation agreement with Kandi Technologies and nine other companies to supply 20,000 electric vehicles for the city’s pilot EV leasing program.

Confirmed by City of Hangzhou
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Date Partner Type
04/29/2014
Lishen Battery Lishen Battery
Kandi Technologies' wholly-owned subsidiary Zhejiang Kandi Vehicles Co signed a supply contract with Lishen Battery System for a one-year supply of 80V/70AH lithium-ion batteries starting in May 2014.
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Confirmed by Lishen Battery
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IPO INFORMATION

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KNDI

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Date Investors Type Amount
08/29/2014 (0)
Post-money valuation of
Kandi Technologies announced that it has entered into a securities purchase agreement with certain institutional investors for a direct placement of $71 million of common stock at a price of $17.20 per share. The Company will issue a total of 4,127,908 shares of common stock to the institutional investors.
PIPE $71,000,000
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