Recently, Hebo Kehui, a Sichuan-based NEV start-up, completed its angel round of financing amounted to CNY 300 million, which is expected to be used on the R&D of NEV products.
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On October 7, NEV maker Hebo Kehui (Chinese: 合博科慧) announced its completion of angel round financing worth CNY 300 million (USD 42 million), invested by Venture Home Enterprise Service Co., Ltd. (Chinese: 创业之家企业服务有限公司). Rongshijie (Chinese: 融仕界) served as financial advisor. The fund will be used for the development of new energy cars.
Hebo Kehui, founded in 2022, is a Sichuan-based new energy electric vehicle manufacturer specializing in auto parts R&D as well as NEV manufacturing.
This round of financing marks China Huaneng’s (Chinese: 中国华能) step into the new energy industry. Venture Home, which invested Hebo Kehui this time, is a subsidiary of China Huaneng. China Huaneng, a Bejing-based SOE, was founded in 1985 and dedicated to developing the electric industry. It has 5 listed companies, namely Huaneng Power International (Chinese: 华能国际), Inner Mongolia MengDian HuaNeng Thermal Power (Chinese: 内蒙华电), Xinneng Taishan (Chinese: 新能泰山) and Great Wall Securities (Chinese: 长城证券). China Huaneng was born after the reform and opening up and will continue to lead the progress of the power generation industry in China.
Liu Mingkai (Chinese: 刘明凯), general manager of Hebo Kehui, believes that new energy vehicles are the trend of the future automobile industry. Therefore, Hebo Kehui will continue to increase its investment in technology research and development and maintain its competitiveness in the field of electric vehicles in the future.