Energy Monster Goes Public
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BEIJING, April 6, 2021 /PRNewswire/ Mobile device charging service provider Smart Share Global Limited, widely known as Energy Monster, has successfully listed on the NASDAQ under the stock ticker EM , becoming the first publicly traded firm in the shared charging sector.
According to the company prospectus, Energy Monster led the sector with a 34.4% share of the market in 2020, making it the largest provider of mobile charging devices in China. Terry Zhu, Managing Partner at BlueRun Ventures China (BRV China), a Series A investor that spotted the opportunity in Energy Monster as early as in 2017, elaborated on the firm s investment approach.