18/05/2023
Exciting news! ๐ U POWER, the pioneering skateboard chassis company, announced the completion of several hundred million RMB Series B financing round. ๐ Led by Hefei Industrial Investment Holdings, this substantial investment includes participation from new investors like Dongchuang Fund and Intelligent Vision PE Fund, as well as existing investors such as Matrix Partners China, CCV, and ZhenFund. ๐ผ
These significant funds will be utilized to drive technological innovation in our U POWER UP Super Board and facilitate the development and mass production of two exciting products: electric commercial vehicles and electric off-road vehicles. ๐นโก๏ธ
We are also thrilled to announce that U POWER has established its headquarters in Hefei. Here, we will build a comprehensive R&D, production, and sales system covering commercial vehicles, passenger cars, and skateboard chassis. ๐ข
chassis