SVOLT Energy Technology, an electric vehicle (EV) battery maker and storage solutions provider, has raised 6 billion yuan ($942.8 million) in its third big-ticket fundraising of 2021. The latest round is yet another sign of the heightened interest in China’s rapidly growing EV infrastructure sector.
The new investment, an extended Series B round, followed the completion of its Series B round at 10.28 billion yuan ($1.6 billion) in August and its Series A round at 3.5 billion yuan ($550.2 million) in February.
