KUALA LUMPUR, Aug 16 -- Guotai Junan International Holdings Limited (GTJAI, the Company or Group) has announced the Group successfully led series B+ financing of the global leading LiDAR manufacturer Innovusion recently.
Meanwhile, Shunwei Capital was the co-investor of the financing, while its existing investors, including NIO Capital and Temasek, also contributed to the financing.
According to a statement, the proceeds will support the mass production and delivery of NIO ET7 LiDAR and self-developed technology innovation project which has been constantly focused and invested by Innovusion.
GTJAI Executive Director and Deputy Chief Executive Officer, Qi Haiying said: “LiDAR plays an important role in the development of new energy vehicle and its auto driving technology.
“With private equity’s deep understanding of upstream and downstream of new energy vehicle industry, we will fully utilise our advantage in resource and synergy between various business sectors to provide comprehensive support to the client in capital market and jointly boost Chinese smart vehicle and auto driving to the forefront of the world.”
GTJAI has been paying attention to the development of responsible investment and sustainable finance.
Its private equity team has placed several investment projects in new energy industry, including AiHuiShou, Weineng and Plus.ai, and provided comprehensive financial services to corporate clients via synergy with investment banking business.
Last year, GTJAI’s private equity team participated in the Series E financing of AiHuiShou (ATRenew), which made its debut on NYSE with assistance from the Company’s equity capital market team in June this year.
More details at http://www.gtjai.com.
-- BERNAMA
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