Jason Fang, founder and managing partner of Sora Ventures, has been appointed chairman of Falcon Power Co., a Taiwan-listed company trading on the TWSE under 1516. Falcon Power is positioned as an energy materials trading company, and its main revenue now comes from electronic components used in electric vehicle batteries.
Falcon Power’s business has shifted from bike parts to energy-related distribution
Founded in 1986, Falcon Power started in bicycle component manufacturing before expanding into the distribution of energy-related materials and electronic components across global markets. Its revenue base has since moved toward EV battery-related electronic parts, showing a clear transition from its original manufacturing roots.
Jason Fang says he will bring blockchain and digital asset experience into the role
In a statement, Fang said he was honored to take the chairmanship and expects to bring the insights and resources he has built over the past decade in global blockchain and digital asset markets into the position. He also said he plans to support Falcon Power’s core business and explore ways to create value for shareholders. The message was concise, with the focus placed on strengthening the company’s existing operations while assessing new avenues.
Sora Ventures says it has deployed more than $100 million into over 150 Web3 companies
Sora Ventures was founded in early 2018 and has deployed more than $100 million into over 150 Web3 companies, according to the release. Its recent investment focus has been bitcoin treasury companies across Asia. The firm is headquartered in Taipei 101 and is described as an early contributor to Taiwan’s Web3 ecosystem. It has invested millions of dollars into Taiwanese companies and entrepreneurs and also hosted Sora Summit 2023 in Taipei, described as one of Asia’s earliest bitcoin conferences.
Fang also chairs several listed companies across Asian markets
Beyond Falcon Power, Fang is listed as chairman of AsiaStrategy (NASDAQ: SORA), Bitplanet (KOSDAQ: 049470, South Korea), DV8 (BKK: DV8, Thailand), and Moon Inc. (HKG: 1723, Hong Kong). He also previously served on the board of Metaplanet (TYO: 3350, Japan), where he played a role in building what the release calls Asia’s first dedicated Bitcoin Treasury model, described as similar to Strategy, formerly known as MicroStrategy.