Chinese Telematics Startup Pateo Raises 830 Million Yuan
Chinese Telematics startup Shanghai Pateo Electronic Equipment Manufacturing Co., Ltd., announced on Wednesday that it had raised more than 830 million yuan ($128 million) in a funding round, led by state-owned automaker China FAW Group.
Co-investors are Changchun Fawsn Group Co., Ltd., ChinaEV100, CCB Trust and STEC Jianyuan Fund, as rev…
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