Aridge, the flying-car developer backed by Chinese electric vehicle maker Xpeng, has raised nearly US$200 million in fresh funding as it prepares for a potential initial public offering (IPO) in Hong Kong this year.
Existing investors including GL Ventures, the venture capital arm of Hillhouse Investment, and HongShan – formerly Sequoia China – participated in the latest round, according to a statement released on Friday.
The fundraising brings Aridge’s total equity financing to about US$1…
Flying car dreams gain altitude as Xpeng affiliate Aridge raises US$200 million
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