New forces in commercial vehicle manufacturing, Qianchen Auto completes nearly US$50 million in Series B financing

“Science Innovation Board Daily” news on the 1st, Shanghai Qianchen Automobile Technology Co., Ltd. announced that it has completed nearly 50 million US dollars in Series B financing. This round of financing was led by Creation Partners Capital (CCV), and the exclusive round A partner Lightspeed China blessed. Major partners in the field of yuan investment and logistics will follow up the investment.

It is reported that the funds raised will be used for mass production of the first fully self-developed evolvable pure electric logistics vehicle iC1, and for the development of core technologies such as large-capacity batteries and autonomous driving.

In addition, the “Science Innovation Board Daily” reporter learned that the C round of financing was already underway in the morning, and the possibility of achieving B+ round of financing in the first quarter of next year is not ruled out. According to data, Qianchen Automobile was established on September 25, 2020. (Reporter Zeng Le)

The Links:   CM1000HA-25H NL8048AC21-01F