Deals
Geely’s EV Truck Brand Farizon Seeks $300 Million Funding Round, Sources Say
- Clean-energy commercial vehicle arm draws Singapore-based GLP
- CPE, GLy Capital and Mirae Asset set to join capital raising
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Farizon Auto, a brand owned by Zhejiang Geely Holding Group Co., is seeking to raise about $300 million in new capital, according to people with knowledge of the matter.
GLP Pte, the Singapore-based logistics and real estate giant, is set to be the lead investor in the clean-energy commercial vehicle maker’s debut funding round, said the people, who asked not to be identified as the information is private.