EV Battery Maker SVolt Bags over $1.5 Billion in Series B Financing Round

(Source: Svolt Energy)

EV battery maker SVolt Energy Technology announced on July 30 that it had obtained Round B financing worth 10.28 billion yuan ($1.5 billion), led by BOCGI, Country Garden Venture Capital, SCGC, CCB Investment, IDG, SANY and Xiaomi Group.

Wang Zhikun, Executive Vice President of SVolt, said, “before this round of financing, the last …