Windrose Technology
Assembly Line
Zero-Emission Truck Developer Windrose Technology Completes US$110 Million Series B Financing
Electric heavy-duty truck developer Windrose Technology has announced completion of the second phase of its Series B financing, raising the total funding for this round to US$110 million. The investors of this round of financing include London-based HSBC, Boston-based HITE Hedge Asset Management, industrial real estate and digital infrastructure specialist Goodman Group (ASX:GMG), and executives from global brands and logistics companies.
The proceeds of this series B financing will be used to accelerate the testing and deployment of Windrose Technology’s electric long-haul trucks globally, to set up a new supply chain center and production facility, as well as to implement fast-charging infrastructure. The first installation of one of the world’s fastest mega-watt level chargers at Goodman’s Citylink property near Beijing, China will be operational in the second quarter of 2024.