Electric Car Maker Dearcc Completes RMB 2 Bln Pre-A Funding
36Kr.com, 7/24/18
Zhejiang-based electric car maker Dearcc Technology recently completed RMB 2 bln in pre-Series A funding from investors including automotive industry guidance funds, institutional investors, and automobile supply chain companies, according to the company's announcement on its WeChat public account. Dearcc has completed more than RMB 2.5 bln in funding to date, including the pre-Series A round, and has reportedly begun soliciting Series A funding.
Dearcc, established in 2015, launched its first vehicle, the EV10, in late 2017. The vehicle is produced by Fujian-based South East Motor Company (Soueast).
Dearcc began by developing entry-level electric vehicles, and will soon launch an all-new high-end brand that will focus on mid- and high-end smart networked vehicles. Its first product will be a purely-electric mid-size SUV, which may be unveiled before the end of July.
Keywords: Dearcc hardware funding automobile electric vehicle angel funding
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