EV Company Fundings Help Drive Clean Energy Investment in Q3 2018

By [email protected] China’s electric vehicle boom is attracting a massive amount money.

Three Chinese EV firms alone raised a total of $1.9 billion from public market, venture capital and private equity investors during the third quarter of 2018. NIO’s public offering brought in $1 billion, Guangzhou Xiaopeng Motors raised a $585 million Series C venture capital round, and Zhejiang Dianka Automobile raised a $294 million pre-IPO round.

Equity raising by specialist electric vehicle companies emerged as a bright spot in clean energy investment totals for last quarter, as more traditional investments slipped, according to latest figures from Bloomberg NEF.

“We’re seeing more companies raising

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