WM Motor

Designs, manufactures and markets affordable battery electric vehicles.

Launch date

2015

Employees

501-1000 people

Market cap

Enterprise valuation

€1.8b (Public information from Jan 2023)

Shanghai Shanghai (HQ)

http://www.wm-motor.com/

https://www.linkedin.com/company/wmmotor https://apps.apple.com/app/id1369663918

Date	Investors	Amount	Round
-	Sequoia Capital HongShan	N/A	-
Aug 2016	N/A	$1.0b	Series A
Dec 2016	Geely	$1.0m	Series A
Nov 2017	Baidu Tencent Susquehanna International Group (SIG Group)	CNY1.0b	Series B
Mar 2019	Baidu	CNY3.0b	Series C
Sep 2020	Baidu Tencent SAIC Motor Tsinghua Unigroup State Development & Investment Corporation (SDIC) Yingke Capital Guangzhou Finance Holdings	$1.5b	Series D
Feb 2021	Shanghai Pudong Development Bank	CNY11.5b	Debt
Oct 2021	PCCW GF Xinde Investment Shun Tak Holdings	$305m	Series D
Dec 2021*	Agile Group	$152m	Series D
Jan 2023*	Apollo	$2.0b Valuation: $2.0b	Acquisition
Total Funding		€3.2b

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ACQUISITION by Youon Bike Oct 2017