Smart Share Global Limited Launches New Power Bank Sustainability Campaign
06 März 2024 - 12:00PM
Smart Share Global Limited (“Energy Monster” or the “Company”), a
consumer tech company providing mobile device charging service,
today announced the launch of its new power bank sustainability
campaign.
Energy Monster’s power bank sustainability
campaign is designed to enhance the utilization of power banks by
incentivizing users to recycle back previously purchased power
banks. While the Company’s mobile device charging service has
already demonstrated a net positive environmental impact by
facilitating power bank sharing and reducing individual ownership,
power banks purchased by users are sometimes underutilized.
The power bank sustainability campaign serves as
an avenue to redeploy power banks from users back to Energy
Monster's mobile device charging service network. To participate,
eligible users can easily return their previously purchased power
banks to any of Energy Monster's cabinets located across China. The
cabinets are equipped to conduct a thorough checkup to assess the
eligibility of the returned power banks. Energy Monster will
then provide users returning power banks meeting the reuse and
safety standards with mobile device charging service vouchers.
“Energy Monster was founded based on the
principles of shared economy and visions of a greener and more
sustainable future,” said Mars Guangyuan Cai, Chairman and Chief
Executive Officer. “We remain committed to driving environmental
sustainability and fostering a community that actively participates
in the responsible use of electronic devices. As the industry
leader in China’s mobile device charging service market, we manage
a massive distributed network of energy storage system consisting
of more than 8 million power banks across China. We have, in
earlier versions of this campaign, collected more than 50 thousand
power banks back into our ecosystem. Going forward, we aspire for
our new campaign to propel our industry and the world towards a
more sustainable future.”
About Smart Share Global Limited
Smart Share Global Limited (Nasdaq: EM), or
Energy Monster, is a consumer tech company with the mission to
energize everyday life. The Company is the largest provider of
mobile device charging service in China with the number one market
share. The Company provides mobile device charging service through
its power banks, which are placed in POIs such as entertainment
venues, restaurants, shopping centers, hotels, transportation hubs
and public spaces. Users may access the service by scanning the QR
codes on Energy Monster’s cabinets to release the power banks. As
of September 30, 2023, the Company had 8.7 million power banks in
1,189,000 POIs across more than 2,000 counties and county-level
districts in China.
Contact Us
Investor RelationsHansen Shiir@enmonster.com
Safe Harbor Statement
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statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. In some cases, forward-looking statements can be identified
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“target,” “aim,” “estimate,” “intend,” “plan,” “believe,”
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expressions. The Company may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission (“SEC”), in its
annual reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about the Company’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement, including but not
limited to the following: Energy Monster’s strategies; its future
business development, financial condition and results of
operations; the impact of technological advancements on the pricing
of and demand for its services; competition in the mobile device
charging service industry; Chinese governmental policies and
regulations affecting the mobile device charging service industry;
changes in its revenues, costs or expenditures; the risk that
COVID-19 or other health risks in China or globally could adversely
affect its operations or financial results; general economic and
business conditions globally and in China and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks, uncertainties or factors is
included in the Company’s filings with the SEC. All information
provided in this press release is as of the date of this press
release, and the Company does not undertake any duty to update such
information, except as required under applicable law.
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