Chinese EV brand Nezha raises $306m in first tranche of Series C led by HD Capital

Chinese EV brand Nezha raises $306m in first tranche of Series C led by HD Capital

Nezha's electric vehicle (EV) model Eureka 03. Visuals from Nezha's official website

Nezha, an electric vehicle (EV) brand owned by the lesser-known Chinese automaker Hozon Auto, has closed 2 billion yuan ($305.5 million) in the first tranche of its Series C round led by the country’s equity investment firm HD Capital, the company announced on Thursday.