Chinese new energy startup Greater Bay Technology raises $150m, joins unicorn club

Chinese new energy startup Greater Bay Technology raises $150m, joins unicorn club

Source: Guangzhou Greater Bay Technology

Guangzhou Greater Bay Technology, which is incubated by Chinese state-owned automaker GAC Group, has closed nearly 1 billion yuan ($149.8 million) in a Series A round to become the latest unicorn company from China’s new energy sector.