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New Deal


Announced

Completed

Dayone Capital led a $443m Series D3 round in HOZON.

Financials

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Transaction Value£369m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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China

Private Equity

Venture Capital

Private

Minority

automobile

Single Bidder

Friendly

Domestic

Acquisition

Automobiles

Completed

electric vehicles

Synopsis

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Dayone Capital, a multi-stage consumer specialist investment manager, led a $443m Series D3 round in HOZON, a Chinese all-electric car marque, with participation from Shenzhen Capital Group, Qianhai FOF, Hongtai Aplus, Insight Capital and Dianshi Zichan. The new energy vehicle maker said the proceeds raised from the D3 round would be used for product R&D, technology innovation, production capacity expansion, and replenishment of operational capital.

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