Light Drive Technology completes over RMB 100 million in Series A and A+ financing

Light Drive Technology announced the completion of its Series A+ funding round, totaling over 100 million RMB. The Series A round was led by Xingtai Capital, with participation from Xingtai Venture Capital and Guoxin Capital, and continued support from existing shareholder Tsinghua Holdings Ginkgo. The Series A+ round was led by 125 Industry Fund. The funds will primarily be used to build production lines for Light Drive Technology's fourth-generation flat wire stator and rotor products, as well as a new generation of all-in-one electric drive assembly production lines, and to increase production capacity. This will facilitate the delivery of new business projects and further expand its market presence.