Windrose Technology raised US$110 million in a Series B financing led by HSBC, HITE Hedge Asset Management, and Goodman Group to accelerate the testing and deployment of electric long-haul trucks globally.

Apr 11, 2024•over 1 year ago

Amount Raised

$110 Million

Round Type

series b

Hong KongLogisticsAutomotiveTransportation

Investors

Goodman GroupHite Hedge Asset ManagementHsbc

Description

Windrose Technology has completed the second phase of its Series B financing, raising the total funding to US$110 million. The investors of this round include HSBC, HITE Hedge Asset Management, Goodman Group, and executives from global brands and logistics companies. The proceeds will be used to accelerate the testing and deployment of electric long-haul trucks globally, set up a new supply chain center and production facility, and implement fast-charging infrastructure.

Company Information

Company

Windrose Technology

Location

Hong Kong, Hong Kong SAR, China

About

Windrose Technology is a developer of zero-emissions and intelligent long-haul trucks to revolutionize the road freight business in China, the United States, Europe, and other markets. Windrose is now working with customers and partnerships including Decathlon, Kerry Logistics, and Rokin Logistics. With over 100 R&D professionals and more than 200 patents, the Windrose team is led by Stanford University graduate Wen Han, joined by seasoned veterans from world-leading OEM's, Tier-1 suppliers, and technology companies. Windrose's advisory board includes current and former executives from Coca-Cola, Starbucks, Toys "R" Us, J.B. Hunt, XPO, Rokin Logistics, Li Auto, Geely, etc. For more, please visit http://www.windrose.tech

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