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New Deal


Announced

Completed

HSBC, HITE Hedge and Goodman Group led a $110m Series B round in Windrose Technology.

Financials

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Transaction Value£88m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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heavy-duty truck

China

Trucking

Acquisition

Cross Border

Minority

Private

Private Equity

Venture Capital

Completed

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Synopsis

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HSBC, a banking and financial services institution, HITE Hedge, an investment management company, and Goodman Group, an industrial real estate and digital infrastructure specialist, led a $110m Series B round in Windrose Technology, an electric heavy-duty truck developer. "as a young entrepreneur in my early thirties, I'm deeply respectful of the enormity of our vision of bringing zero-emission long-haul trucks to China, Europe, US, and other parts of the world. My Stanford education has fostered the entrepreneurial spirit in me, but I also recognize that Windrose can only achieve our goal of revolutionizing the global trucking industry by standing on the shoulder of giants, and I'm truly grateful to be supported by world-class investors, customers, and partners," Wen Han, Windrose Founder, Chairman and CEO.

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