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WM Motor

WM Motor

WM Motors was founded by Freeman Shen, a former hotshot executive of Geely. The factory in Suzhou will have an initial annual capacity of 50.000 cars. Production is set to start in 2018.

OVERVIEW

Category
Auto
Headquarter
Shanghai, China
Founded Time
May. 1, 2012
Latest Funding
Series C
Company Size
150-300
Also Known As
威马汽车, Weima Qiche
Legal Name
WM Motor Technology Co., Ltd
Name (Chinese)
WM Motor
Legal Name (Chinese)
威马汽车科技集团有限公司
Email Address
hr@wm-motor.com
Phone Number
2160128000
Read More

FUNDING

Number of Funding Rounds 4
Total Funding Amount USD 2.45B
Announcement Date Funding Round Funding Raised Lead Investor(s)
Mar. 6, 2019 Series C 446.37M Baidu, Linear Venture, Taihang Industry Fund
Dec. 22, 2017 pre-B 0.00 Sequoia Capital,Tencent Holdings, China Structural Reform Fund, Minmentals Development
Dec. 5, 2017 Series B 1.00B Baidu Capital,Tencent Holdings, Susquehanna International Group,Amiba Capital
Aug. 24, 2016 Series A 1.00B yuema capital
Announcement Date

Mar. 6, 2019

Funding Round

Series C

Funding Raised

446.37M

Lead Investor(s)

Baidu, Linear Venture, Taihang Industry Fund

Announcement Date

Dec. 22, 2017

Funding Round

pre-B

Funding Raised

0.00

Lead Investor(s)

Sequoia Capital,Tencent Holdings, China Structural Reform Fund, Minmentals Development

Announcement Date

Dec. 5, 2017

Funding Round

Series B

Funding Raised

1.00B

Lead Investor(s)

Baidu Capital,Tencent Holdings, Susquehanna International Group,Amiba Capital

Announcement Date

Aug. 24, 2016

Funding Round

Series A

Funding Raised

1.00B

Lead Investor(s)

yuema capital

UPDATES

WM Motor Sets Up Car Leasing Company
WM Motor set up today a car leasing subsidiary in Tianjin with a registered capital of CNY 800 million (around USD 116 million).

WM Motor set up today a car leasing subsidiary in Tianjin with a registered capital of CNY 800 million (around USD 116 million).

WM Motor to Start Its Series D Financing Round
WM Motor is seeking overseas investments, which will probably amount to USD 1 billion.

WM Motor is seeking overseas investments, which will probably amount to USD 1 billion.

NIO is Deep In Competitive Vortex
Li Bin, NIO's founder, said that the long-term investment value of NIO is not fully understood by the market.

Li Bin, NIO's founder, said that the long-term investment value of NIO is not fully understood by the market.

WM Motor Deliveries 2,056 EX5 in May
Data shows that the EX5 delivered 2056 units in May. 

Data shows that the EX5 delivered 2056 units in May. 

Three Pillars of China's Electric Vehicle Industry
Government support and investors' optimism are the key supply-side growth drivers in China's bullish electric-vehicle market. Infrastructure isn't just a nuance, but an essential detail of the incipient EV ecosystem.

Government support and investors' optimism are the key supply-side growth drivers in China's bullish electric-vehicle market. Infrastructure isn't just a nuance, but an essential detail of the incipient EV ecosystem.

Faster than Flash
Ignited by technological progress, global rivalry and need for sustainability, China's BEV sector appears to be gathering momentum.

Ignited by technological progress, global rivalry and need for sustainability, China's BEV sector appears to be gathering momentum.

WM·GETnGO Adds Haikou Flagship Store
According to WM Motor, WM·GETnGO will launch 2000 vehicles in 2019 to support the leasing project.

According to WM Motor, WM·GETnGO will launch 2000 vehicles in 2019 to support the leasing project.

WM EX5 Pro is Officially Available
The length, width and height of the vehicle are 4600mm, 1850mm and 1650mm respectively, and the wheelbase is 2703mm.

The length, width and height of the vehicle are 4600mm, 1850mm and 1650mm respectively, and the wheelbase is 2703mm.

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