Chinese EV brand IM Motors raises $192m in fresh Series B round tranche

Chinese EV brand IM Motors raises $192m in fresh Series B round tranche

Image source: IM Motors' official website.

Chinese premium battery electric vehicle (BEV) brand IM Motors, co-founded by state-owned automaker SAIC Motor, has secured another 1.4 billion yuan ($191.8 million) in a Series B1 round, roping in both state-owned and private investment firms.

Edited by: Pramod Mathew

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