Analysis
The round was led by by healthcare-focused investors YuanBio Venture Capital and TTM Capital.
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Private Equity
The buyer is a fund primarily owned by minority owner Lingong Group.
These so-called “zero-mileage” cars have never been driven but they are being exported as used.
Deals
CATL and its strategic investment arm Puquan Capital co-led the round.
The Chinese group is streamlining operations amid intensifying competition.
Saudia Cargo plans to double its fleet to 16 in the next three years.
The round was co-led by the PE arm of E Fund Management.
Venture Capital
The three had partnered to create a battery-swap JV in 2019 for 2-wheeler EVs.
The LP View
It remains to be seen if LPs will back GPs, who have yet to build a track record in AI investing.
The two juggernauts aren’t just racing each other—they’re positioning themselves differently.
