Leap Motor, a Hangzhou-based electric vehicle maker backed by Sequoia Capital China, has secured another $51.2 million for its ongoing Series A funding round that is targeting to raise 2.5 billion yuan ($360 million).
In a disclosure to the Shenzhen Stock Exchange, Leap Motor’s co-founder and largest shareholder Dahua Technology, a provider of video surveillance products and services, said the latest funding was from Jinhua Zhongche Fund, the country’s new energy-focused investment firm.
