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New Deal


Announced

Completed

Renault-Nissan-Mitsubishi led a $310m funding round in WeRide.

Financials

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Transaction Value£222m
Consideration TypeCash
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Venture Capital

Private Equity

Private

Minority

Cross Border

Friendly

Auto Technology

autonomous driving technologies

autonomous vehicles

China

Completed

Synopsis

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Renault-Nissan-Mitsubishi, a manufacturer of electric vehicles catering to the automobile industry, led a $310m funding round in WeRide, a developer of fully autonomous vehicles designed to deliver a safe, robust and convenient MaaS. Additional investor includes China Structural Reform Fund, a private equity investment firm. "As China stands at the forefront of helping define the future of mobility, we are delighted to partner with WeRide to bring even more innovative technologies and services to enrich people's lives in China," Ashwani Gupta, Nissan CEO.

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