Windrose Technology Completes US$110M Series B Financing
Summary
Backers included HITE Hedge Asset Management, Goodman Group (ASX:GMG), and others. The company intends to use the funds to accelerate the testing and deployment of its electric long-haul trucks globally, to set up a new supply chain center and production facility, as well as to implement fast-charging infrastructure. Led by CEO and Founder Wen Han, Windrose Technology is building the next generation of zero-emission and intelligent long-haul trucks that serve customers in moving consumer and industrial goods, offer cleaner and cheaper logistics around the world. The Windrose EV truck has an 800V high-voltage fast-charging platform and can replenish 400km of range in under 36 minutes. The first installation of one of the world’s fastest mega-watt level chargers at Goodman’s Citylink property near Beijing, China will be operational in the second quarter of 2024.