China EV maker Enovate raises $742m
Enovate, a Chinese new energy vehicle manufacturer, has raised RMB5 billion ($742 million) in a funding round led by local government industry guidance funds and state-owned banks.
The size of the round was not disclosed, but the start-up is targeting an IPO in 2021. Founded in 2015, Enovate is a high-end brand under Zhejiang-based electric vehicle (EV) maker Dear CC. Enovate...
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