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Leapmotor to participate as strategic investor in Qixin Power's Series A financing round to strengthen synergy between the two companies.

PRIVATESep 19, 2026•about 2 hours ago

Round Type

Series A

HuzhouManufacturingAutomotive

Investors

Leapmotor

Description

Leapmotor has committed to participate in the Series A financing round of FAW's Qixin Power, a subsidiary focused on power technology. The participation was formalized through a signing ceremony held in Huzhou, Zhejiang, where Leapmotor signed an investment letter of intent. Leapmotor will act as a strategic investor aimed at strengthening deep synergy between the companies. The exact funding amount for this Series A round has not been disclosed.

Company Information

Company

FAW's Qixin Power

Location

Huzhou, Zhejiang, China

About

Leapmotor is an automotive company participating in Series A financing of FAW's Qixin Power. The company is engaged in strategic investments and collaborations in the powertrain and battery technology sectors, focusing on hybrid engines, electric drive systems, and range extenders. Leapmotor is also pursuing partnerships for advanced battery technologies including solid-state and sodium-ion batteries.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

FAW's Qixin Power 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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