Leapmotor completed 4.3 bln RMB in round-B financing

IIA learned that Leapmotor raised 4.3 billion yuan in round B, exceeding 1 billion yuan. This B round of financing will support Leapmotor's investment in product development, channel layout and brand promotion. At the same time, Leapmotor and Hefei signed a strategic cooperation agreement. The Hefei government investment platform also participated in Leapmotor's B round of financing. The two parties plan to start more cooperation in the future.

Since its establishment in 2015, Leapmotor has completed multiple rounds of financing, with investors including Sequoia Capital, CRRC Capital, Shanghai Electric and other well-known institutions. In this round of financing, the strategic investors SDIC Chuangyi, Zhejiang University Jiuzhi, Yonghua Capital, etc. The founding shareholder Mr. Fu Liquan, chairman of Dahua Co., Ltd., and Mr. Zhu Jiangming, the founder and chairman of the board, increased their holdings, demonstrating their confidence in the future development of Leapmotor.

Leapmotor has insisted on self-reliance and self-reliance of science and technology since its establishment, and advocated self-research and self-manufacture of core technology, and invested a lot of money in research and development in the early stage. Self-built AI factory, own three-electric workshop, master key technologies such as intelligent network connection, intelligent driving and three-electric system. And launched the first domestic smart car chip Lingxin 01, which has a complete set of intelligent driving solutions with completely independent intellectual property rights. Currently, Lingxin 01 has been applied on Leapmotor C11.

As of the end of 2020, Leapmotor has obtained and declared a total of 1,004 patents in transit, including 458 invention patents. At present, Leapmotor is developing three platforms of S, T and C. It has launched three models of S01, T03 and C11 in the five years since its establishment, and will continue to enrich its product matrix in the future.

In 2020, the total sales volume of Leapmotor was 11,391 units, and the monthly sales volume in December 2020 exceeded 3,000 units. Among them, the total sales of Leapmotor T03 bikes that went on the market in May 2020 will reach 10,266 units. Leapmotor C11 opened its pre-sale on January 1, 2021, so far the order volume has exceeded 2,000 units, and more than 30% of them have been purchased or transferred by old customers.