Primavera Capital Invests $600 Mn in Envision to Advance Carbon Neutrality

Primavera Capital Group announced a strategic investment of US$600 million in Envision Energy and Envision AESC, two subsidiaries of Envision Group.

This is another important investment by Primavera in the field of carbon neutrality.

Envision is a world leading green-tech company. With the mission of solving the challenges for a sustainable future, the company is committed to becoming a net-zero technology partner for enterprises, governments, institutions and cities across the world.  

Envision continues to promote wind and solar power as the new coal, batteries and hydrogen fuel as the new oil, the AIoT network as the new grid, the net-zero industrial parks to the new infrastructure, and to promote the construction and cultivation of green new industry.

Commenting on the investment, Fred Hu, founder and chairman of Primavera, says: "Primavera fully recognizes Envision's technological innovation prowess, advanced manufacturing and integrated services capabilities.

Lei Zhang, CEO of Envision, says: "Envision is committed to driving the green 'new industrial revolution' through renewable energy transition. Long-term strategic capital is important and constructive to us. We look forward to working together with Primavera to develop a new green industrial system in order to create a better net-zero world."