Motorevo Raises USD Tens of Millions in A++ Round, Sixth Funding in One Year

Motorevo closed a new A++ financing round worth several hundred million RMB, led by Shenzhen Investment Holdings with participation from Genesis Capital and others.

The company will use the capital to advance technology, expand products, and upgrade manufacturing and delivery capabilities.

Motorevo said it has completed five fundraisings this year, with annual shipments topping 100,000 units and orders exceeding RMB 150 million.

It also reported profitability and highlighted its highly automated Wuxi production base, which began operations in April.