Sequoia-backed Chinese EV startup Leapmotor rakes in nearly $664m in Series B round

Sequoia-backed Chinese EV startup Leapmotor rakes in nearly $664m in Series B round

Leapmotor

Electric vehicle (EV) startup Leapmotor, co-founded by Chinese surveillance equipment maker Dahua Technology, has raked in 4.3 billion yuan ($663.9 million) in a Series B round of financing from investors including the local government in eastern China’s Hefei City.