EV-focused fund Rockets Capital raises $200m from Xpeng, others

EV-focused fund Rockets Capital raises $200m from Xpeng, others

Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this file picture illustration taken in Beijing, China, January 21, 2016. REUTERS/Jason Lee/Files

Rockets Capital, a fund focused on investments in the smart energy vehicle (EV) supply chain, said on Thursday it raised more than $200 million from investors that included Xpeng, Sequoia China, IDG Capital and GGV Capital.

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