This article only represents the author's own views.
Just over a year after its listing on the Nasdaq, China’s top electric vehicle (EV) charging services provider NaaS Technology Inc. (NAAS.US) is revving up with a major acceleration in its business.
The company reported its revenue accelerated more than 500% in the third quarter, as its energy solutions business, often involving infrastructure design and operations for business clients like charging stations, overtook its charging services business as a key revenue driver. But the even bigger surprise came as NaaS, which counts U.S. private equity giant Bain Capital as a major backer, unveiled a 2024 forecast that showed it expects its revenue to rise as much as six-fold next year.
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