Avatr speeds up EV market entry with new funds
Chinese electric vehicle (EV) startup Avatr Technology announced this week it had completed its A-round of fund raising despite tough market conditions including widespread Covid lockdowns across China earlier this year and tighter government licensing requirements.
Avatr Technology, originally backed by companies such as Changan Automobile, Huawei, CATL and local investment firm Chongqing Liangjiang New Area, said it had…