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Chinese Electric Truck Maker Windrose Is Seeking US IPO in 2024

Nov. 3, 2023, 6:39 AM UTC
Danny Lee
Danny Lee

Chinese electric truck maker Windrose Technology Inc. has started preparatory work for an initial public offering in the US next year as it plans the commercial roll out of its first vehicle.

The company is selecting investment banks and aims to raise at least $200 million, founder and Chief Executive Officer Wen Han told Bloomberg News. Proceeds will go toward research, development and production of Windrose’s zero-emission trucks, which are equipped with autonomous driving technology.

Windrose is raising $100 million in a pre-IPO round, Han said, and already has backing from FountainVest Partners Co., Yunqi Partners and GSR Ventures ...



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