The EV manufacturer has anchored Rockets Capital's debut fund, which will focus on electric vehicle technology investments.
China-based venture capital firm Rockets Capital reached the first close of its inaugural fund today having raised over $200m in commitments from investors including electric vehicle (EV) manufacturer XPeng, which anchored the vehicle.
The fund will invest in early and growth-stage companies across the EV value chain, clean energy and frontier technology spaces. The Chinese government has described frontier technologies as including artificial intelligence, semiconductors, quantum technology, deep space and genomics.
Other limited partners in the maiden fund include venture…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
