Notice of Investment in Manaflex
March 31, 2021
THI Venture Capital has completed its Series A investment this month in the fast-growing company “Manaflex” in circuit technology (flexible printed circuits) for clean energy storage.
Manaflex’s technology has already begun to be used by major technology companies such as TESLA, ROMEO POWER and PROTERRA. The company is expected to increase its orders from these clients and grow swiftly after 2022.
The company plans to set up a custom factory and logistic warehouse in Suzhou as a production and development base to the Chinese market while preparing for an increase in orders from major customers.
THI is going to build its BTS’s custom-built factory based on the requirements from Manaflex. We will fully support the company’s business development in China and continuously back its growth over mid to long-term. Manaflex and THI have been working closely and aiming to set up a stable and efficient manufacturing line speedily by the end of 2022.
Overview of the investment in Manaflex
|Founding Round||Series A|
|Time of Investment||May 2021|
|THI’s Support||Set up a BTS custom factory|
|BTS||Plan to move in THI Taicang2 in August 2022|