The electric battery and vehicle developer has secured $147m for its series D round, as it prepares to put its sedan model into production.

Coda Holdings, a US-based electric vehicle and battery system developer, closed a $147m round of series D funding on Monday, led by New World Strategic Investment, the corporate venturing unit of Hong Kong-based multi-industry conglomerate New World Development.

Also participating in the round, which was oversubscribed from its $125m target, were investment firms Indus Capital and Harbinger Capital, private equity firms Riverstone Holdings, Aeris Capital and Angeleno Group, asset management group Och-Ziff, and various angel investors.

Coda’s prior series D…