Apr 26, 2018 06:51 PM

Quick Take: Electric Vehicle-Maker Singulato Set to Raise $476 Million

Photo: IC
Photo: IC

Electric vehicle startup Singulato Motors is set to complete a 3 billion yuan ($474.6 million) fundraising round next month, just as it forges a manufacturing partnership with a state-owned automaker’s new-energy vehicle unit.

Singulato’s “C” round of fundraising will conclude in May, co-founder and CEO Shen Haiyin told reporters at the Beijing Auto Show on Wednesday. Shen didn’t disclose further details.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.