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U Power raises $3.19M via share sale to fund AI-driven energy and EV solutions expansion

Company Fundamentals
07 Apr 2026
PRNewsWire
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Bullish
pluang ai news

U Power Limited has sold 2.9 million Class A shares at $1.10 each, raising $3.19 million to support its growth in AI-integrated energy grids and electric vehicle (EV) battery-swapping solutions. The funds will be used to expand into new and existing markets, enhance operations, and accelerate deployment of its proprietary battery-swapping technology. This capital raise reflects investor confidence in U Power's strategy to develop intelligent energy and transportation systems using AI. The transaction was approved by the board and targeted offshore investors under Regulation S, with closing expected around April 7, 2026.

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