Phoenicia Technology Recognized as a "Seed Unicorn" – A Testament to Our Innovation-Driven Growth

On July 18, the 2025 China (Shenzhen) Unicorn Enterprise Conference, themed “New Quality Drives · Leading the Future,” opened in Shenzhen. The conference was guided by the Shenzhen Municipal Bureau of Industry and Information Technology and the Shenzhen Small and Medium Enterprises Service Bureau, and co‑hosted by the Greatwall Strategy Consultancy, Bank of Communications, Shenzhen Capital Group, Guosen Securities, and others. During the conference, two major reports were released: the GEI China Unicorn Enterprise Research Report 2025 and the Shenzhen Unicorn and Gazelle Enterprise Research Report 2025.

According to the report, since 2024, the Shenzhen Small and Medium Enterprises Service Bureau has, through the establishment of the Shenzhen Gazelle and Unicorn Enterprise Evaluation Committee, selected and built a tiered database of gazelle and unicorn enterprises in Shenzhen. The city is home to 149 potential unicorn enterprises with a total valuation of approximately 350 billion yuan, 143 seed unicorn enterprises with a total valuation of about 64.3 billion yuan, and 215 gazelle enterprises, which together generated approximately 120 billion yuan in total revenue in 2023.

Driven by its breakthrough innovation in the low‑speed swapping mobility sector and rapid growth trajectory, Phoenicia Technology has successfully been listed as a Seed Unicorn Enterprise, becoming a highly anticipated rising star in the industry. This honor is not only a strong recognition of the company’s achievements but also marks a critical step forward on its path toward becoming a full‑fledged unicorn.

A “unicorn” is a privately held startup company that has been founded within the last 10 years or less and has reached a valuation of over $1 billion. Named for its rarity, like the mythical creature, the unicorn represents a highly explosive force in the innovation economy. Unicorns are characterized by high valuation thresholds, short establishment times, a focus on innovation, strong capital‑driven growth, high potential, and high uncertainty. They often reshape industry rules and drive technological iteration. The number of unicorns in a region reflects the vitality of its innovation ecosystem and serves as an important indicator for attracting talent, capital, and industrial clusters, as well as a bellwether of the capital market. A “Seed Unicorn” is an innovative enterprise with the potential to become a unicorn — essentially a “seed player” on the path to unicorn status. Phoenicia Technology’s recognition as a Seed Unicorn highlights its industry value and significant growth potential.

Deeply Cultivating the Swapping Industry to Anchor Corporate Value and Mission

Founded on April 18, 2019, Phoenicia Technology has grown steadily in the field of urban e‑bike battery swapping new infrastructure services, demonstrating exceptional innovation vitality and high growth potential.

In technology R&D, the company has assembled a team of professionals from multiple fields, including new energy, electrochemistry, and intelligent IoT. With keen insight into technology and products, Phoenicia has built a strong R&D system, forming notable advantages in hardware‑software collaboration, technology reserves, and product adaptability. To date, the company holds over 110 patents and software copyrights, including 35 invention patents, demonstrating robust technological R&D strength.

In terms of corporate culture, the company is driven by the mission of “Building a new two‑wheel swapping ecosystem and safeguarding the safe travel of millions of users” and upholds the core values of “Customer‑Centricity, Enhancing User Experience, and Creating Social Value” to propel its continuous growth.

In terms of honors and qualifications, Phoenicia Technology was recognized as a “National High‑Tech Enterprise” in 2021, a “Shenzhen Innovative SME” in 2022, and in 2023 it received both “Shenzhen Specialized and Innovative SME” and “Shenzhen High‑Quality Development Leading Enterprise” honors. In 2024, the company achieved the prestigious “National ‘Little Giant’ Enterprise” recognition. These accolades demonstrate how innovation‑driven strength has accelerated the company’s growth trajectory.

Dual Innovation in Technology and Business Model Forges Industry Leadership

Full‑Stack Intelligent Software System Architecture

The self-developed low-speed lithium battery big data platform is compatible with multiple hardware types, communication protocols, and business models. Built on practical experience in new energy batteries and the Internet of Vehicles (IoV), the platform adopts a cloud-native architecture featuring high availability, high concurrency, and high reliability. It covers full lifecycle management and provides operators with a one-stop solution. On the user side, the swapping mini program offers easy operation; on the O&M side, the management mini program ensures efficient operations.

Data‑Driven, Connected Intelligent Hardware Products

The intelligent BMS tracks battery status 24/7, enabling real-time monitoring and remote control through multi-device collaboration, and is compatible with mainstream low-speed vehicle battery packs. The smart swapping cabinet is equipped with a safety management system that provides anomaly alerts; its modular design reduces costs and allows flexible dispatch. The smart controller delivers lightweight connectivity, meets the needs of multiple scenarios, and is easy to operate.

Business Model Innovation Injects New Momentum into the Industry

To address the needs of customers across the upstream, midstream, and downstream of the swapping industry chain, we have independently developed an Industrial Internet platform for low-speed mobility, creating a five-in-one swapping service ecosystem centered on “Community – People – Vehicle – Battery – Cabinet.” This platform enables a full-chain business closed loop involving cell manufacturing, pack assembly, low-speed vehicle production, swapping operators, cascade recycling and reuse, and financial platforms, thereby building a green circular economy of “production, O&M/sales, and recycling” — injecting new vitality into the low-speed swapping mobility industry.

Sustained Customer Recognition Drives the Company Forward

Wide Application Scenarios and Significant Results

The company‘s products serve both commercial and personal swapping scenarios, providing one‑stop charging and swapping energy replenishment services for food delivery rider operators and community residents in major cities across the country. To date, we have served over 500 operators and more than 300 cities, with cumulative battery swaps exceeding 180 million — a strong testament to customer and user recognition and the tangible results we have delivered.

Being named a Seed Unicorn is a milestone of great significance.

Being named a Seed Unicorn is not only a recognition of Phoenicia Technology’s past achievements but also a driving force for future innovation, propelling the company to deepen its efforts in technology R&D and market expansion. Looking ahead, the company will continue to steadily cultivate both technology and market, aspiring to demonstrate even more robust growth in the innovation space. At the same time, Phoenicia Technology will leverage its own实践经验 to stimulate innovation vitality, work together with like-minded partners to push the industry forward, build a new trend in green mobility, and contribute even more to the high‑quality development of the new energy industry.