Funding round
WM Motor Series D
WM Motor, which works in electric vehicle manufacturing in Shanghai, raised $152M in a Series D round announced on 30 Nov 2021. It is WM Motor's second venture round on record; the one before was a Series C in Mar 2019.
$152M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
WM Motor did not disclose a valuation in this round. It came 32 months after WM Motor's Series C. It is 25% of the $598M WM Motor has raised in the venture rounds on record. No later venture round is on record for WM Motor.
WM Motor's funding rounds
WM Motor has 2 venture rounds on record. This one is highlighted.
- Series C 8 Mar 2019, led by Baidu $446M
- Series D this round 30 Nov 2021 $152M
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| CARSOME Automobile Dealers & Manufacturers | 1 Sep 2021 | $200M | $1.30B | not named |
| Rimac Group Automobile Dealers & Manufacturers | 1 Jun 2022 | $540M | $2.14B | SoftBank Vision Fund and Goldman Sachs Asset Management |
| Automobile Dealers & Manufacturers | 25 Aug 2022 | undisclosed | not disclosed | Exor Capital |
| CARSOME Automobile Dealers & Manufacturers | 8 Dec 2020 | $30M | not disclosed | Asia Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did WM Motor raise in its Series D round?
WM Motor raised $152M in its Series D round, announced in Nov 2021.
What was WM Motor's valuation at the Series D round?
It was not disclosed.