Xing Mobility, A Global Leader In Immersion Cooling Batteries, Announces Investment From Kubota Corporation

XING Technology, the holding company of Taiwan-based XING Mobility, an advanced battery technologies company founded in 2015, will be closing its Series B Equity Round led by Kubota Corporation (TYO: 6326, hereinafter "Kubota"), a leading manufacturer of agricultural and industrial machinery, by the end of 2023. This strategic investment accelerates Kubota's roadmap toward machinery electrification, promoting sustainability in agriculture and beyond. It also enables XING Mobility to expedite the development of immersion cooling battery systems.