LEQI secures Series B funding from Xiaomi and Shunwei Capital to expand overseas operations and develop proprietary vehicle-control software.
PRIVATEOct 27, 2026
Round Type
Series B
ShenzhenManufacturingAutomotiveElectric Vehicle
Investors
Shunwei CapitalXiaomi
Description
Shenzhen-based micro-mobility manufacturer LEQI closed a Series B funding round led by Xiaomi and Shunwei Capital to finance expansion into overseas markets. The funding will support development of higher-margin vehicles, proprietary vehicle-control software, and destination-market supply chain hubs. LEQI, which led global electric scooter shipments in 2025, is diversifying beyond basic scooters into rideable luggage, electric bicycles, and motorcycles. The company aims to establish local warranty networks and certification capabilities in key international markets.
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Company Information
Company
LEQI
Location
Shenzhen, Guangdong, China
About
LEQI is a Shenzhen-based micro-mobility manufacturer founded in 2016 that leads global electric scooter shipments. The company produces a diverse product portfolio including electric scooters, bicycles, motorcycles, and innovative products like the L3 Smart Electric Suitcase with obstacle-avoidance sensors. LEQI operates through multiple channels including Amazon, eBay, and direct storefronts, with its subsidiary Megawheels commanding top market share in Japan. The company has secured regulatory approvals in key markets like Germany and uses proprietary vehicle-control software to differentiate its offerings.
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