The Tunghsu, ZGC and BAIC-backed hydrogen fuel engine producer has reportedly raised at least $67m of the $193m target for its initial public offering.
Month: August 2020
Jiemian-Cailian sails to series C stage
The corporate-backed financial news and data provider secured $71.5m from backers including Xu Hui Guo Tou and China Internet Investment Fund.
United Ventures calls on Telecom Italia for $175m fund
Telecom Italia is putting up about $70m for a growth-stage fund with a $175m targeted close that will be managed by VC firm United Ventures.
Analysis: A look at first-time corporate investors
Over the past four quarters, almost one of every four corporate investors seems to be new, even in lockdown.
OpenSpace obtains series B funding
JLL Spark returned to back a $15.9m round for the construction imaging technology developer, taking its overall funding to more than $33m.
Buildots broadcasts $16m in funding
Tidhar Construction and Innogy Ventures have both invested in the building imaging software startup, which has revealed seed and series A rounds.
Advertima achieves series A close
Fortimo led a $17.8m round for the retail management technology provider, which will channel the funding into product development.
Cook becomes new chef at BP Ventures
Stephen Cook, previously chief commercial officer of group technology for BP, has moved to senior vice-president of its Launchpad and Ventures subsidiary.
Chung charges into Hyundai
Hyundai has hired Henry Chung, previously of LG Electronics, to lead its Cradle Silicon Valley vehicle as senior vice-president.
RangeForce racks up $16m in series A
Cisco Investments participated a series A round for the cyber defence training provider that was led by Energy Impact Partners.
Kirk leaves Cisco for ServiceNow
ServiceNow has hired Philip Kirk as vice-president of corporate development following a lengthy stint in the same position at Cisco.
Solvay commits to second China fund
Solvay Ventures is among the limited partners for the advanced materials-focused Richland Capital Fund III following a contribution to a similar vehicle for Longwater Investment.
Wyze ups series A to $15m
The smart home device developer has closed an American Family Ventures-backed round that lifted its overall funding to at least $35m.
Alydia aligns with Axa in series C
Axa Investment Managers was among the participants in a $13.9m round for Alydia, which is developing a system to treat postpartum haemorrhage.