The Qihoo 360-backed electric vehicle developer is set to close a $474m round in May this year, according to its founder and CEO.
Singulato Motors, a China-based electric vehicle (EV) developer backed by cybersecurity software provider Qihoo 360, is raising RMB3bn ($474m) in series C funding from undisclosed investors, China Money Network reported.
Shen Haiyin, the company’s founder and chief executive, said it expects the round to be closed next month, when firm details will be released. Shen was previously a vice-president at Qihoo 360.
Founded in 2014 and also known as Zhiche Auto, Singulato is developing a range of EVs, the first…
