IM Motors raised $1.3 billion in a Series B round of financing to support the development of new electric vehicle models and enhance core technologies.
Amount Raised
$1.3 Billion
Round Type
Series B
ShanghaiManufacturingAutomotiveElectric VehicleDescription
IM Motors has closed a Series B round of financing, raising a total of RMB 9.4 billion ($1.3 billion). The funding will be used for research and development of core technologies and to accelerate new product launches in 2025.
Quick answer
IM Motors raised $1.3 Billion in a Series B round, dated December 25, 2024. IM Motors is based in Shanghai, Shanghai, China.
- How much did IM Motors raise?
- IM Motors raised $1.3 Billion in a Series B round on December 25, 2024.
- What does IM Motors do?
- IM is the newly launched identity for a premium intelligent electric vehicle brand founded by SAIC Motor, Zhangjiang Hi-Tech Group and Alibaba Group.
- Where is IM Motors based and how big is it?
- IM Motors is based in Shanghai, Shanghai, China.
- Who are the decision-makers at IM Motors?
- Fundz holds 2 contacts at IM Motors. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Electric Vehicle around the same time
Companies in the same sectors as IM Motors that raised within 45 days of this round, from Fundz verified event records.
- Harbinger raised $100M (Series B) on January 14, 2025.
- Azio AI Holdings, Inc. raised $4.4M (Seed) on December 18, 2024.
- SaverOne 2014 Ltd raised $1.5M (Seed) on January 31, 2025.
- VoltUp raised $8M (Seed) on January 27, 2025.
- Lyteflo raised $2.1M (Seed) on January 15, 2025.
- BGauss Auto raised $19M (Funding Round) on January 14, 2025.
Who to call at IM Motors, and when
A new round usually means IM Motors is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day IM Motors raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at IM Motors, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at IM Motors. With Fundz connected, it knows.
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Funding Insights
What this usually meansIM Motors 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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