WM Motor

About

WM Motor is an automotive company that designs, manufactures, develops, and markets battery-operated electric vehicles.

Shanghai,Shanghai,China
501 - 1000
http://www.wm-motor.com

Highlights

Details

Last Funding Type: Corporate Round
Industries: Automotive,Autonomous Vehicles,Electric Vehicle,Manufacturing
Founded date: Jan 1, 2015
Number Of Employee: 501 - 1000
Operating Status: Active
Legal Name: WM Motor Technology Co., Ltd.
Also Known As: 威马汽车技术有限公司,Weltmeister ,威马汽车,Weima Qiche

WM Motor is an automotive company that designs, manufactures, develops, and markets energy and battery-operated vehicles. It provides energy vehicle products and travel solutions to its customers. The company aims to conserve electronic vehicles in addition to intelligent data hardware, enabling consumers to utilize smart cars that are efficient and energy conserving. WM Motor’s products are built with three core technologies, the Living Motion electric powertrain, the Living Pilot intelligent driving assistance system, and the Living Engine operating system, which offers industry-leading smart connectivity and interactive features.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

8

¥25.50B $1.45B

WM Motor has raised a total of ¥25.50B $1.45B in funding over 2 rounds. Their latest funding was raised on Nov 30, 2021 from a Series D round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 30, 2021	Series D	$152M	1	Agile Group Holdings	—	Detail
Oct 5, 2021	Series D	$305M	3	PCCW Shun Tak Holdings	—	Detail
Feb 9, 2021	Debt Financing	¥11.50B	5	Shanghai Pudong Development Bank	—	Detail
Sep 22, 2020	Series D	¥10B	11	SAIC Motor	—	Detail
Mar 8, 2019	Series C	¥3B	3	Baidu	—	Detail

Investments

Number of Investments

Number of Lead Investments

4

1

WM Motor has made 4 investments. Their most recent investment was on Apr 13, 2018, when Hello TransTech raised $700M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Apr 13, 2018 Hello TransTech	Series E	$700M	Apps	—
Dec 27, 2017 Hello TransTech	Series D	¥1B	Apps	—
Aug 1, 2017 DEEPROVE	Seed	¥2M	Apps	—
Jul 3, 2017 Hello TransTech	Series B	—	Apps	Yes

Investors

Number of Lead Investors

Number of Investors

8

28

WM Motor is funded by 28 investors. Agile Group Holdings and PCCW are the most recent investors.

Investor Name	Lead Investor	Funding Round
Agile Group Holdings	Yes	Series D
PCCW	Yes	Series D
Shun Tak Holdings	Yes	Series D
Shanghai Pudong Development Bank	Yes	Debt Financing
SAIC Motor	Yes	Series D
Baidu Capital	Yes	Series B
GF Xinde Investment Management	—	Series D
Agricultural Bank of China	—	Debt Financing
Bank of China	—	Debt Financing
China Construction Bank	—	Debt Financing