Announced
Completed
Financials
Tags
heavy-duty truck
China
Trucking
Acquisition
Cross Border
Minority
Private
Private Equity
Venture Capital
Completed
Friendly
Synopsis
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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