Wm Motor Secures Us$152 Million Series D2 Financing Led By Agile Group
12/01/21, 9:11 PM
Location
Money raised
$152 million
Round Type
series d
WM Motor Holdings Limited ("WM Motor," the "Group" or the "Company"), a dominant smart EV player in China's mainstream market, today announced a Series D2 financing of US$152 million led by Agile Group Holdings Limited ("Agile"), an integrated conglomerate specializing in property development and management in China. Financial advisors in this transaction included Brocade River Merchants.
Company Info
Company
Wm Motor Holdings Limited
Location
shanghai, shanghai, china
Additional Info
WM Motor Holdings Limited is a dominant player in China's mainstream smart electric vehicle market. To date, the Company has delivered over 80,000 vehicles. WM Motor focuses on designing and manufacturing vehicles for the largest and fastest growing segment of China's smart EV market and is recognized as one of the most popular brands among tech savvy young families. WM Motor differentiates itself by producing user-defined vehicles that offer full life-cycle personalization enabled by all channel user data and full-domain OTA on a learning basis of vehicles and users. The Company has also produced the industry's only vehicle that is equipped with L4 Automated Valet Parking (AVP) technology and offers electric SUV models with the highest number of ADAS functions in China's smart EV market, which brings an unparalleled smart driving experience demonstrating differentiated smart cockpit features. WM Motor operates two fully self-owned and highly automated factories, enabling the Company to seamlessly integrate in-house research and development and manufacturing, which lays the foundation for the utmost safety and reliability of vehicles delivered.
To learn more about WM Motor, please visit www.wm-motor.com/en.