Geely EV rental spin-out secures $97m Series A
Xiaolinggou Chuxing, the electric vehicle (EV) rental unit of Chinese carmaker Geely Auto Group, has raised RMB688 million ($97 million) in a Series A funding.
The capital came from state-owned construction conglomerate Yincheng Group and Hangzhou Puzhao, a local internet services company focused on the automotive sector. It will be used for R&D, collaboration...
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