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Chinese Ev Startup Wm Motor Bags Usd300 Million Led By Hk’S Pccw, Shun Tak

Oct 08, 2021•almost 4 years ago

Amount Raised

$300 Million

Description

WM Motor Holdings has secured over USD300 million in its latest funding round led by Hong Kong telecoms giant PWWC and conglomerate Shun Tak Holdings, the first time that the Chinese electric car startup has brought in investment from outside the mainland.

Company Information

Company

Wm Motor

About

A D2 series is also planned, which is expected to bring in a further USD200 million, the firm said.

Funding Insights

Based on industry data
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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech