On October 16, the global action technology brand Velotric (Shenzhen Velotric Technology Co., Ltd.) officially announced the completion of Series C financing of 200 million yuan, led by China Life Insurance Co., Ltd., followed by Amber Capital, and follow-up investment by old shareholders. Light Source Capital continues to act as the exclusive financial advisor. This round of funding will mainly be used for core technology research and development, new category expansion, and global organizational system construction.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.