The electric powertrain and power module producer raised $21.8m in a Legend Capital-led round that also featured Lenovo Capital.
Lenovo Capital, a corporate venturing subsidiary of Legend Capital, the conglomerate that owns electronics manufacturer Lenovo, has backed a RMB150m ($21.8m) series B round for China-based powertrain developer Leadrive, DealStreetAsia reported yesterday.
The round was led by Legend Capital, the venture capital firm spun off by Legend Holdings, and included state-owned holding group Shanghai International Group’s Shanghai Innovation Fund and private investor Dongqing Cai, according to a WeChat post cited by DealStreetAsia.
Founded in 2017, Leadrive designs and produces powertrains,…
