Automotive Jan 12, 2022 09:47 AM (GMT+8)
On January 12, Zhejiang Fute Technology Co., Ltd. announced the completion of a strategic round of financing of RMB 100 million. This round of financing is invested by Hubei Xiaomi Changjiang Industrial Fund partnership, an industrial investment institution, which is another important industrial capital of Fute technology after strategic investments such as GAC capital, Weilai capital and Anji industrial investment. It is reported that the funds raised by this round of financing will be mainly used for the research and development of new platforms and the layout of overseas markets.
Previously, Fute technology also completed the round D financing of more than 100 million yuan led by Huaqiang capital and followed by China Resources Microelectronics and HTC. The two rounds of financing accumulated nearly 300 million yuan, and Yunxiu capital served as the exclusive financial adviser for two consecutive rounds.
Established in 2011, Fute technology focuses on technology research and development and intelligent manufacturing of high-voltage core parts of new energy vehicles. Since its establishment, the company has adhered to the two subdivided fields of on-board power supply and off-board power supply.
In the past two years, through self-developed v2l and V2G product technologies and all-in-one machine products, Fute technology has reached long-term strategic cooperation with many vehicle manufacturers, and entered the supply chain system of overseas enterprises such as Renault Nissan Alliance and LG.
Fute technology exclusively or mainly supplies supporting products for GAC aion series, Great Wall ora series, Weilai ES / ET series and other models. Meanwhile, recently, the core power module of the flexible energy storage charging pile project (Volkswagen mobile network strategic layout product) developed and officially mass produced according to the German Volkswagen standard is exclusively supplied by Fute technology.
This text is a result of machine translation.