Scage Future Business Summary

Scage Future (SCAG) is a China-based zero-emission solution provider specializing in the development and commercialization of heavy-duty new energy vehicle (NEV) trucks and e-fuel technologies. The company generates revenue primarily through the direct sale of commercial NEVs, including the Dragon King plug-in hybrid for mining, the Galaxy II for long-haul logistics, and the Q-truck autonomous tractor-trailer. Secondary revenue streams include the sale of proprietary powertrain components—such as flat wire motors and electric drive axles—alongside vehicle rental services, modifications, and after-sales maintenance. Within the competitive landscape, Scage Future operates alongside peers like Xos, Inc., Microvast Holdings, and Westport Fuel Systems. While many competitors focus on broad electrification components, Scage distinguishes itself as an integrated OEM targeting niche, high-load industrial applications like mining and port operations, maintaining a high-growth trajectory with an 82% year-over-year revenue increase as of early 2026. The company is led by Founder, Chairman, and CEO Chao Gao, who previously established Scage International and has served as the chairman of Nanjing Scage since 2021. Gao maintains a controlling interest in the firm, heading an insider group that holds approximately 62.9% of the outstanding shares. The leadership team includes key figures such as Qinghua Zeng and Yuanchi Guo, who bring extensive experience in Chinese industrial manufacturing and new energy technology. Scage Future transitioned to the public markets in June 2025 following a business combination with the Israel-based SPAC Finnovate Acquisition Corp., which was originally led by fintech veterans David Gershon and Ron Golan. Currently, the company’s board and strategic direction are heavily influenced by its founding team, with institutional participation from global entities such as UBS Group AG.