On December 30, 2022, NaaS, an electric vehicle charging service provider in China, announced that the Company has appointed Alex Wu as its CFO and President, effective January 15, 2023. Wu will join the Board of Directors of NaaS.
Previously as Managing Director of Bain Capital Private Equity, Wu accumulated rich experience in finance, technology and management. In addition, during his tenure at Bain Capital, he also served as a board director of several portfolio companies. After joining NaaS, Wu will be fully in charge of the Company’s daily business management, financial management and capital operation, and help the Company with medium and long-term strategic development.
Wu is a versatile talent with international vision and rich management experience. He is supposed to help NaaS better implement the new strategy and serve the fast-growing Chinese new energy vehicle market. “This is an exciting moment for us,” said Wang Yang, Founder and CEO of NaaS. “Alex will bring in a wealth of experience and skills in both business and finance to help us develop better. And we are confident that this appointment will create more new value for NaaS and our shareholders.”
Looking ahead to 2023, with focus on new power systems, yard and station operation and maintenance, and other fields, NaaS will develop new business such as virtual power plant, PV + energy storage + charging integration, and intelligent operation and maintenance, and advance innovative business models, the statement said.
NaaS is a subsidiary of Newlinks Technology Limited, and Bain Capital has close ties with them. Bain Capital invested USD 200 million in Newlinks in March 2021 as the lead investor, and was also involved in the pre-IPO funding of NaaS in January 2022.
Referring to NaaS and its track, Jonathan Zhu, Managing Director at Bain Capital and Co-head of Asia Private Equity, said, “China’s transportation energy is entering an era of oil and electricity drive, NaaS is a leading electric vehicle charging solution provider in China, and what it is doing is of huge commercial and social value. China has the largest new energy market in the world, which will bring huge opportunities to leading digital enterprises in the industry.”
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