The LeEco driverless car spinout has closed what it claims is the largest first round ever from an automotive startup, with Lenovo and Macrolink both contributing.
Le Supercar, the smart car developer spun out of China-based internet and technology developer LeEco, has raised $1.08bn in funding from backers including laptop and smartphone maker Lenovo, China Money Network reported today.
Lenovo, part of the Legend Holdings group, invested together with conglomerate Macrolink Group and Yingda Capital, the venture capital firm backed by the Chinese State Grid, while China Minsheng Trust, Hongzhao Capital and the state-controlled Shenzhen Capital Group also took part.
Launched in 2014, Le Supercar has…
