Funding
Squirrel Power, founded in 2023 by a former Anker senior executive, has completed a Series A round of over 200 million yuan. Investors include Yuanhe and Houxue.
Product
The first product is the Evotrex-PG5, a smart RV trailer with extended range. It was unveiled at CES 2026. The starting price is $120,000, and pre-orders have exceeded the company's expectations.
Plans
The funds will be used for testing and development of the Evotrex-PG5, as well as expanding production capacity. Mass production is scheduled for early 2027.