Chinese electric car maker LeapMotor raises $288m
Hangzhou-based electric car maker LeapMotor has raised RMB2 billion ($288 million) in a Series A round of funding led by Shanghai Electric - a Hong Kong-listed Chinese power generation and electrical equipment manufacturer.
Other participants include Sequoia Capital China and domestic brokerage Industrial Securities. The company said it plans to raise a further RMB500 million by the end of this year. Sequoia also backed the...
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