Chinese electric delivery vehicle brand Chengshi snaps over $136m in Series B round

Chinese electric delivery vehicle brand Chengshi snaps over $136m in Series B round

Beijing, China. Photo by zhang kaiyv on Unsplash

Chengshi, which designs and manufactures electric vans and trucks catered to last-mile delivery in China, has secured 1 billion yuan ($136.6 million) in a Series B funding round led by Hidden Hill Capital, the private equity arm of global logistics giant GLP. 

Edited by: Joymitra Rai