Fosun RZ Capital leads $17m Series B funding in Israeli startup IRP Systems

REUTERS/Chris Helgren

China’s Fosun RZ Capital has led a $17-million Series B funding round in IRP Systems, an Israel-based provider of innovative electric powertrain products for e-mobility, according to a statement.

JAL Ventures, previous investor Entrée Capital, Tal Capital, Union Tech Ventures, Cendana Capital and Allied Group subsidiary Champion Motors, the Israeli direct importer and distributor of Volkswagen Group, also participated in this round.

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