# ENOVATE Skyline Motors

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enovate-skyline-motors

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Shanghai, China
- Website: www.enovatemotors.com
- Total disclosed funding: $747M
- Latest round: Series C (Oct 14, 2020)
- Investors on record: 3

## About

Established in 2015 and based in Shanghai, China, ENOVATE Skyline Motors is a new energy vehicle research and development manufacturer. The company's main business includes the research and development and sales of new energy vehicles, new energy vehicle repair and maintenance and other services. The company has production plants in Changsha, Hunan, Shaoxing, Zhejiang and Nanning, Guangxi, and was formerly known as Dearcc Auto, a subsidiary of LeTV. at the end of 2022, the company completed the signing of a joint venture with local Saudi Arabia Sumou Holding, which plans to set up a manufacturing and R&D base for new energy vehicles.

The company produces new energy vehicles and currently has two suv models, ME5 and ME7, and one sedan, ME-S. The company's vehicles are all pure electric models equipped with the company's unique Connected-Pilot connected vehicle system, which allows some models to achieve L4 level autonomous driving. The company also has its own service brand, Skyjoy, which provides vehicle maintenance and roadside assistance services to customers.

## Funding rounds

- Series C, Oct 14, 2020, $747M — Shanghai International Group, Cenova Ventures, BRV Aster

## Investors

- Shanghai International Group — Series C
- Cenova Ventures (https://capitalatlas.ai/funds/cenova-ventures) — Series C
- BRV Aster — Series C