Boyu Capital Invests in Geely Truck Unit Farizon Raising m in Funding Round

Boyu Capital Invests in Geely Truck Unit, Farizon, Raising $600m in Funding Round

Boyu Capital, a Chinese private equity firm, has invested $600 million in Farizon Auto, a truck unit of Geely Automobile Holdings. The investment is part of a Series C funding round that also includes participation from other investors, such as Singapore-based United Clean Energy and Linjiang Industry Group.

Boyu Capital

Farizon Auto is a leading electric truck manufacturer in China. The company was founded in 2016 and is headquartered in Hangzhou, China. Farizon Auto’s products include electric light-duty trucks, medium-duty trucks, and heavy-duty trucks.

The investment from Boyu Capital will be used to support Farizon Auto’s expansion plans. The company plans to use the funds to build new production facilities, expand its product range, and develop new technologies.

Boyu Capital Invests in Geely Truck Unit Farizon Raising m in Funding Round

The investment in Farizon Auto is a sign of the growing interest in the electric truck market. The global electric truck market is expected to grow at a compound annual growth rate (CAGR) of 20% from 2022 to 2027.

The investment from Boyu Capital is also a vote of confidence in Geely Automobile Holdings. Geely is a leading Chinese automaker that is also a major investor in other electric vehicle companies, such as Volvo Cars and Lynk & Co.

The investment in Farizon Auto is a significant development in the electric truck market. It is a sign of the growing interest in electric trucks and the confidence that investors have in Geely Automobile Holdings.

Here are some of the key takeaways from the investment:

  • Boyu Capital is a leading Chinese private equity firm.
  • Farizon Auto is a leading electric truck manufacturer in China.
  • The investment will be used to support Farizon Auto’s expansion plans.
  • The investment is a sign of the growing interest in the electric truck market.
  • The investment is a vote of confidence in Geely Automobile Holdings.

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