Nezha nabs $625m in series D1 round

Oct 28, 2021 • Robert Lavine

Qihoo 360 has returned to lead the latest round for Hozon's electric vehicle subsidiary, closed at a reported $4bn post-money valuation.

Nezha, an electric vehicle (EV) subsidiary of China-based automotive manufacturer Hozon Auto, raised RMB4bn ($625m) yesterday in a series D1 round led by cybersecurity technology provider Qihoo 360 Technology.

CCB International Asset Management, Citic Securities, GF Venture Capital and Shenwan Hongyuan Securities’ New Energy Industrial Fund filled out the round, which was secured at a post-money valuation of $4bn according to a Qihoo 360 stock exchange filing seen by DealStreetAsia.

Qihoo 360 invested about $313m through the round and now…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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