Electric heavy-duty truck manufacturer Breton completed a Series C round of funding worth more than CNY 100 million. Rockets Capital, Hefei Rendun, and Milestone Capital led this round of funding, which was followed by CIMC Vehicles Group, Shanghai SAT Investment Co. Ltd, and KS Capital.
Breton will put this money toward research and development, market expansion, and factory construction.
According to Xiaoqi Zhang, an executive director at Rocket Capital, as diverse vehicles demonstrate their energy efficiency advantage and carbon reduction policies continue to press the market for fuel cars, construction machinery, and commercial vehicles have invincibly become more intelligent and diversely powered.
Rocket Capital has witnessed Breton's rapid growth in R&D strength and customer reputation since their first meeting with Brenton in 2017, as well as their large-scare test drive in 2019, as well as the settlement of a bulk order. Rocket Capital values Breton's work and hopes that it will soon become the industry leader in smart construction machinery and commercial vehicles.
Breton was founded in 2016 with the goal of providing an all-in-one solution for clean energy production, storage, and applications, as well as eclectic construction machinery, mining trucks, heavy duty trucks, and self-poliot solutions in mines, ports, factories, and distribution hubs.
Breton offers a diverse range of mining trucks with all-electric and extended-range powertrains. Its heavy duty truck demonstrates an out-of-class lightweight level, allowing it to achieve greater endurance and efficiency than its competitors' trucks.