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Farizon raises USD300m for green commercial vehicles

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By Will Pulson - 20th November 2022

Farizon Auto Homtruck

China - Farizon Auto, the new energy commercial vehicle brand from Zhejiang Geely New Energy Commercial Vehicle Group (a subsidiary of Zhejiang Geely Holding Group of Hangzhou), has announced it has raised USD300m in a pre-A round of fundraising, which it said will be used to strengthen its range of low- and zero-emission vehicles.

Hangzhou-based Farizon said its latest investment round was led by Hidden Hill Capital, which is backed by Singapore's Global Logistics Properties Ltd, Citic Securities Investment and Transfar Group.

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