Hidden Hill Capital led a $300m pre-Series A round in Farizon Auto.

Hidden Hill Capital, a private equity investment platform of GLP, led a $300m pre-Series A round in Farizon Auto, Geely's new energy vehicle subsidiary. Farizon will use much of the funding "for research & development and ecosystem development, in order to further consolidate its market-leading position in new energy commercial vehicles," Zhejiang Geely New Energy Commercial Vehicle Group said in a statement.