The DePIN shared charging pile project PowerPod completed a seed round financing of $1 million. This round of financing was led by Waterdrip Capital, with participation from Iotex, Future Money Group, JDI Group, Future3 Campus, and Wagmi Venture.

The funds raised will mainly be used to strengthen hardware development and testing, verify the minimum closed loop of the business model, and build the community ecosystem. PowerPod aims to build a globally open and interconnected charging network to help accelerate the goal of low-carbon emissions in the global transportation sector.