Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led a round of funding for WM Motor Technology, a Chinese electric vehicle manufacturer.
Baidu itself has also contributed capital to the round, alongside venture capital firms SIG Asia and Ameba Capital. The size of the round was not disclosed, but it brings the total funding raised by the...
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Novo Tellus Capital Partners, an investor in industrial technology assets across the Indo-Pacific region, has reached a first close of approximately USD 375m on its third fund – matching the overall target for the vehicle.