In March 2023, Okawa Electric ("Okawa"), a core component brand for Ebikes (electric-assisted bicycles), announced the completion of a Series A financing round of 121 million yuan, led by Xianghe Capital and followed by Ruri Venture Capital, Dexun Investment, Gengxin Capital China, Wanwuwei Venture Capital and Shuimu Tsinghua Alumni Fund. The funds raised in this round will be mainly used for new product research and development, brand marketing and the development of overseas after-sales service networks.
Okawa was founded in 2020 and its main business is the "three-electric" system (motor, electronic control, battery) for Ebikes. It hopes to challenge the oligopoly status quo of international giants in the field with its self-developed torque sensor technology and aims to become a leading mid-mounted motor brand globally.
As Okawa's legal counsel, Llinks provided full legal services for Okawa's restructuring and this round of financing with its rich project experience in the field of investment and financing.
Llinks Team:
Partners: Alex Huang, Candice Du
Associate: Bingfeng Zhang
