According to TechFlow, PowerPod recently completed a seed round of financing of US$1 million, led by Waterdrip Capital, with participation from Iotex, Future Money Group, JDI Group, Future3 Campus and Wagmi Venture. The financing will be mainly used to strengthen hardware development and testing, verify the minimum closed loop of the business model, and build a community ecosystem. PowerPod aims to build a global open interconnected charging network to help accelerate the goal of low-carbon emissions in the global transportation sector.