Zero-Emission Truck Developer Windrose Technology Completes US$110 Million Series B Financing [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
Company Research
Source: Yahoo! Finance
its Series B financing, raising the total funding for this round to US$110 million . The investors of this round of financing include London -based HSBC, Boston -based HITE Hedge Asset Management, industrial real estate and digital infrastructure specialist Goodman Group (ASX:GMG), and executives from global brands and logistics companies. The proceeds of this series B financing will be used to accelerate the testing and deployment of Windrose Technology's electric long-haul trucks globally, to set up a new supply chain center and production facility, as well as to implement fast-charging infrastructure. The first installation of one of the world's fastest mega-watt level chargers at Goodman's Citylink property near Beijing, China will be operational in the second quarter of 2024. Windrose Technology is building the next generation of zero-emission and intelligent long-haul trucks that serve customers in moving consumer and industrial goods, offer cleaner and cheaper logistics aro
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