Baidu’s $100m to drive next NextEV round

Mar 7, 2017 • Robert Lavine

Baidu is reportedly set to invest $100m in smart electric vehicle technology developer NextEV as part of a series C round that will follow a $500m series B in 2015.

Internet company Baidu is lining up a $100m investment in China-based smart electric vehicle (EV) developer NextEV as part of its series C round, China Money Network reported yesterday, citing local media reports.

Founded in 2014, NextEV is working on EVs and autonomous car technology. It operates a team in the Formula E racing championship and in November 2016 it released its first vehicle, a supercar it claims is the world’s fastest electric car.

The series C would follow

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