XPENG Motors, a Beijing, China-based electric car startup, completed three rounds of series A+ financing and scheduled to disclose series B round in early 2018.
The amount of the deals was not disclosed.
– Series A0 includes Alibaba Group and He Xiaopeng (Chairman of XPENG Motors);
– A1 includes GGV Capital, Morningside Venture Capital, IDG, MatrixPartners China, Shunwei Capital and Guangkong Zhongying Capital;
– A2 includes Xin Ding Capital, Kinzon Capital and Lightspeed Venture Partners.
Co-founded in 2014 by He Xiaopeng, co-founder and president of product at UCWeb Inc. and former president of Alibaba Mobile Business Group together, Xia Heng and He Tao, former technology leaders of Guangzhou Automobile Group Engineering, Li Xueling, the founder of YY Inc., and Fu Sheng, CEO of Cheetah Mobile and Wu Xiaoguang, Senior Management Adviser from Tencent, XPENG Motors offers Identity X, an all-electric compact SUV. Its four-wheel-drive edition accelerates from zero to 100 km/h (approx. 62 mph) in 5.8 seconds and has a battery range of 300 km (approx. 186 miles). XPENG offers a full range of intelligent and internet functions including auto parking, low-speed following, voice interaction and remote control.