Poweroak
德兰明海
Poweroak (德兰明海) is a Chinese user-side energy storage company that Source Code Capital has positioned as a top-three global player in household storage . The company was already in Source Code Capital's portfolio by 2021, when it was described as a "leading distributed storage enterprise" alongside its peer Singularity Energy . From 2021 to 2022, Poweroak completed multiple consecutive funding rounds totaling several hundred million RMB, with Source Code Capital leading the A+ and B+ rounds and continuing to increase its stake across other rounds . Other investors in these rounds included Fortune Venture Capital (达晨财智), Zhonglu Zhejiang Junrong Fund, Kunpeng Guangyuan, and unnamed strategic investors from the industry .
Source Code Capital investor Di Wang (王菂), who joined in 2020 and focuses on smart manufacturing and clean energy, led the firm's investment in Poweroak and reportedly sent the founder lengthy messages explaining Source Code's understanding of energy storage to secure the deal . The firm has actively supported Poweroak's international expansion, including connecting the company with CATL and introducing TikTok marketing methods for Poweroak's overseas flagship product line BLUETTI . As of Source Code Capital's 2025 CES showcase, Poweroak remained a featured portfolio company .
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Coverage
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