Recently, IM Motors Technology Co., Ltd. (hereinafter referred to as "IM Motors") announced the completion of its Series B financing round, raising a total of 9.4 billion yuan, marking a successful conclusion.
The Series B financing round for IM Motors was led by Bank of China's BOC Asset Management, with joint participation from Agricultural Bank Investment, Lingang Group, and others. Technology companies such as CATL, Momenta, and Qingtao also followed suit with investments, along with additional investments from SAIC, ICBC Investment, and BOCOM Investment. The successful acquisition of substantial investments from over ten well-known investment institutions, local state-owned capital, and technology enterprises fully reflects the capital market's firm optimism about IM Motors' long-term development potential and broad prospects. The funds raised in this round will be used for the research and development of core technologies such as digital intelligent chassis, steering by wire, and intelligent driving, as well as to accelerate the launch of new products.
Established in 2020 and headquartered in Shanghai, IM Motors is a new user-oriented automotive technology innovation company jointly established by SAIC Motor Corporation, Zhangjiang Hi-Tech, and Alibaba Group. Llinks, as the legal advisor to IM Motors, has leveraged its extensive experience in investment and financing to assist IM Motors in completing multiple rounds of financing.
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Partners: Wayne Chen, Nicholas Lou, Baker Chen, Amanda Song
