- Mirattery raised 1 billion yuan through green ABN to strengthen its BaaS operations
- Multiple financing moves including REITs and equity funding highlight asset securitization strategy
Nio’s battery asset operator Mirattery has strengthened its financing strategy through a fresh green bond issuance, signaling growing confidence in its battery-as-a-service ecosystem. The Nio Mirattery green ABN issuance marks a significant step in expanding funding channels while supporting long-term battery asset deployment and innovation. The move reflects increasing investor interest in sustainable financing instruments tied to electric mobility infrastructure.
Green ABN Issuance Strengthens Financing Strategy
Mirattery successfully issued the first tranche of its 2026 green targeted asset-backed medium-term notes, raising 1 billion yuan. The offering attracted strong investor demand, resulting in favorable pricing trends. This indicates improving market confidence in battery asset-backed securities and highlights the company’s ability to consistently access diversified financing tools to support its operational scale-up.
Funding Supports BaaS Expansion and Innovation
The capital raised will be directed toward expanding battery asset operations and advancing research and development initiatives. Mirattery plays a central role in enabling Nio’s battery-as-a-service model, which allows users to lease batteries instead of owning them. By strengthening financial backing, the company aims to enhance deployment efficiency while supporting technological advancements in battery lifecycle management.
Scale and Operational Growth
Since its establishment in 2020, Mirattery has rapidly scaled its operations. The company now manages battery assets exceeding 42 GWh and serves nearly 600,000 users. This growth underscores the increasing adoption of flexible ownership models in the electric vehicle ecosystem and positions the company as a key enabler of scalable EV infrastructure.
Broader Asset Securitization Strategy
The latest issuance is part of a broader financing roadmap. Recently, Mirattery completed a Series C3 equity round worth 1 billion yuan, bringing total Series C funding close to 2 billion yuan. Additionally, it issued a 501 million yuan REIT product, recognized as the world’s first investment-focused power battery REIT. These efforts demonstrate a structured approach to monetizing battery assets through capital markets.
Investor Confidence and Market Response
The positive response from investors reflects confidence in the long-term viability of battery leasing and asset-backed financing models. Expansion of the investor base further validates Mirattery’s business outlook and reinforces the role of green finance in supporting energy transition initiatives within the automotive sector.
Future Outlook for Green Financing
Mirattery plans to continue leveraging innovative financing instruments to optimize asset utilization and reduce funding costs. As battery assets become increasingly central to EV ecosystems, structured financial solutions are expected to play a critical role in scaling infrastructure efficiently while maintaining economic sustainability.
The continued evolution of asset-backed financing in electric mobility highlights the strategic importance of integrating financial innovation with technology-driven business models.
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