Fundz

Avatr secures $1.5 billion in its Series C financing round to enhance operations and competitiveness in the luxury EV market.

PRIVATEDec 17, 2024

Amount Raised

$1.5 Billion

Round Type

Series C

MunichManufacturingAutomotive

Investors

HuaweiCatlChangan Automobile

Description

On December 17th, Avatr Technology secured over 11 billion yuan ($1.5 billion) in its Series C financing round. The funds will be used to accelerate operations and enhance competitiveness in the luxury electric vehicle market.

Who else raised in Automotive and Manufacturing around the same time

Companies in the same sectors as Avatr that raised within 45 days of this round, from Fundz verified event records.

  • SaverOne 2014 Ltd raised $1.5M (Seed) on January 31, 2025.
  • BGauss Auto raised $19M (Funding Round) on January 14, 2025.
  • Harbinger raised $100M (Series B) on January 14, 2025.
  • IM Motors raised $1.3B (Series B) on December 25, 2024.
  • Naxatra Labs raised an undisclosed amount (Seed) on December 23, 2024.
  • X-Bow Systems raised $25M on December 20, 2024.

Who to call at Avatr, and when

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Company Information

Company

Avatr

Location

Munich, Bavaria, Germany

About

AVATR Technology, a rising intelligent mobility company, continues to expand its global footprint and talent pool after four years of steady development since its inception in 2018. Backed by three industry giants, Changan Automobile, HUAWEI, and CATL with their respective strengths in vehicle R&D, intelligent manufacturing, autonomous driving, and intelligent power solutions, AVATR Technology has developed its unique CHN platform which features a new architecture, strong computing power, and high voltage charging capability. AVATR commits itself to creating a warm and intelligent user experience to become "your emotional intelligent companion".

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Avatr raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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