Announced
Completed
Financials
Tags
Automobiles
Private Equity
smart vehicle
Friendly
Venture Capital
China
Acquisition
Completed
Private
Single Bidder
Minority
Cross Border
Synopsis
Investment companies Aspex, Coatue, Hillhouse Capital, Alibaba and Sequoia Capital led a $500m Series C+ round for Xpeng Motors, a smart electric vehicle company in China. The Series C+ financing further enhances the company’s commitment to serving the large and growing base of technology-savvy middle-class consumers in China by providing Smart EV experiences empowered by advanced technology.
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