Avatr closed over RMB 11 billion ($1.5 billion) in series C funding, with a goal of going public in 2026.
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Category: Fund Raising
New investment secured by Nio China reduced the immediate share dilution risk of Nio and is positive for Nio's share price, according to Deutsche Bank.
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The maker of self-driving technology solutions recently raised several hundred million yuan in its latest funding round.
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The new funding comes just two months after the previous one of over RMB 100 million, and is one of the few large funding rounds in China's autonomous driving space.
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The financing will be used for next-generation model development, smart driving technology development and entry into overseas markets.
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Haomo's new funding is the first in the autonomous driving space after China’s Lunar New Year holiday, and one of the few large amounts raised in the space during the capital winter of the past couple of years.
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Since its inception in 2016, Nio Capital has raised five funds, including three US dollar funds and two RMB funds, with a total management scale of RMB 15 billion.
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StarCharge is considering an IPO in Hong Kong, potentially raising about $500 million and seeking a $5 billion valuation, according to Bloomberg.
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As the global war for NEV market share intensifies, the company could get an edge through its joint venture with US-European auto giant Stellantis.
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This is the latest investment Leapmotor has received after announcing a 1.5 billion euro investment from Stellantis on October 26, with the subscription price a 70 percent premium to its closing price in Hong Kong today.
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