China Harmony New Energy Auto Holding has spun out Independent Aftersales with $41.2m of funding, much of which came from Leaguer Auto and Aouto Investment.
China-based luxury car services provider China Harmony New Energy Auto Holding has spun out its post-sales services division, Independent Aftersales, with RMB280m ($41.2m) in funding, according to a stock exchange filing.
The round was co-led by Leaguer Auto, a subsidiary of investment firm Shenzhen Leaguer Capital Investment Management, and investment partnership Aouto Investment. Each of the two provided $15.4m of the funding and took a 12.7% stake in the process.
The remainder was supplied by Aftersales Management, a vehicle owned…
