2. WM Motor ¥10.0B
Round: Series D
Description: Shanghai-based WM Motor is an automotive company that designs, manufactures, develops, and markets battery-operated electric vehicles. Founded by Bin Lu, Hui Shen, and Ligang Du in 2015, WM Motor has now raised a total of $3.1B in total equity funding and is backed by investors that include Sino IC Leasing, Hongta Group, Tencent Holdings, Sequoia Capital, and Baidu.
Investors in the round: Baidu, Guangzhou Finance Holdings, Hongta Group, SAIC Motor, SIG, Sino IC Leasing, State Development & Investment Corporation (SDIC), Tencent Holdings, Tsinghua Unigroup, Yangtze River Industry Fund, Yingke Capital
Funding month: September
Industry: Automotive, Autonomous Vehicles, Electric Vehicle, Manufacturing
Founders: Bin Lu, Hui Shen, Ligang Du
Founding year: 2015
Location: Shanghai
Total reported equity funding: $3.1B
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