Bain-Backed Chinese EV Services Firm NewLink Seeks Private Loan
- NewLink to use funds for EV charging stations, person said
- China’s EV sector bright spot even as it faces challenges
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NewLink Group, a Bain Capital-backed firm that provides software to sectors including the electric vehicle-related industry, is seeking as much as $100 million in private debt, according to a person familiar with the matter.
The company is parent to NaaS Technology Inc., a US-listed Chinese EV charging services provider. The funding would go to renting parking spaces for EV charging stations in China and Hong Kong, said the person, who requested anonymity discussing private matters.