The company has created a folding electric bike and will use the capital to support a full launch of the product.
China-based electric bike maker Yunmake has raised an undisclosed amount in a series A round featuring contract manufacturer Foxconn and wireless technology producer Qualcomm, according to Technode.
The round was sized at tens of millions of renminbi (RMB 10 = $1.6m) and was led by venture capital fund Shunwei Capital Partners. ZhenFund, Ricebank, Yinxinggu Capital and a range of unnamed investors also took part.
Founded in 2013, Yunmake has developed a folding electric bike that can travel 30km at a…
