KTB leads round for Chinese EV trading platform
China-based Shenma Chuxing, which provides trading services for electric vehicle (EV) and hybrid dealers, has raised $20 million in Series A funding from South Korea’s KTB Ventures and China’s Frees Fund.
The company claims this is its third round of funding since inception last year. Red Avenue New Materials, a locally listed corporate, and several institutional investors committed around RMB100 million...
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