# WM Motor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wm-motor

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Shanghai, China
- Website: www.wm-motor.com
- Total disclosed funding: $1.9B
- Latest round: Series D (Sep 22, 2020)
- Investors on record: 20

## About

Founded in 2015 and based in Shanghai, China, Weimar New Energy Vehicle Sales (Shanghai) Co., Ltd., trading under the name WM Motor, operates as a manufacturer and developer of electric vehicles. The company was founded by CEO Freeman H. Shen. In 2017, it launched the SUV mass production vehicle EX5. In September 2020, the company raised its Series D funding amounting to CNY 10 billion. In 2023, Apollo Future Mobility Group Ltd. acquired WM Motor for 2.02 billion.

WM Motor is an automotive company that designs, manufactures, develops, and markets energy and battery-operated vehicles such as EX5 electric SUVs, EX6 Plus Solar, and EX6 Plus Six Seats. WM Motor’s products are built with three core technologies, the Living Motion electric powertrain, the Living Pilot intelligent driving assistance system, and the Living Engine operating system, which offers smart connectivity and interactive features.

## Funding rounds

- Series D, Sep 22, 2020, $1.5B — Suzhou People's Government, State Development and Investment Corporation, SIG Asia Investment, Baidu Capital, SAIC Motor Corporation Limited, Yingke Private Equity, Tsinghua Unigroup Co., Ltd., Agile Group, Jinkong Fund Management, Hefei State-Owned Assets Holding, Hongta Venture, SDIC Chuangyi, Yangtze River Industry Fund, Sino IC Leasing
- Series C, Mar 8, 2019, $446M — Baidu, Linear Capital, Shanxi Taihang Industrial Investment Fund Management
- Series B, Dec 5, 2017 — SIG Asia Investment, Ameba Capital, Baidu Capital
- Series A, Nov 14, 2017 — Envision Energy Limited, Seven Seas Partners

## Investors

- Envision Energy Limited — Series A
- Seven Seas Partners (https://capitalatlas.ai/funds/seven-seas-partners) — Series A
- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Series B, Series D
- Ameba Capital (https://capitalatlas.ai/funds/ameba-capital) — Series B
- Baidu Capital (https://capitalatlas.ai/funds/baidu-capital) — Series B, Series D
- Baidu — Series C
- Linear Capital (https://capitalatlas.ai/funds/linear-capital) — Series C
- Shanxi Taihang Industrial Investment Fund Management — Series C
- Suzhou People's Government — Series D
- State Development and Investment Corporation (https://capitalatlas.ai/funds/state-development-and-investment-corporation) — Series D
- SAIC Motor Corporation Limited — Series D
- Yingke Private Equity (https://capitalatlas.ai/funds/yingke-private-equity) — Series D
- Tsinghua Unigroup Co., Ltd. — Series D
- Agile Group — Series D
- Jinkong Fund Management (https://capitalatlas.ai/funds/jinkong-fund-management) — Series D
- Hefei State-Owned Assets Holding (https://capitalatlas.ai/funds/hefei-state-owned-assets-holding) — Series D
- Hongta Venture (https://capitalatlas.ai/funds/hongta-venture) — Series D
- SDIC Chuangyi (https://capitalatlas.ai/funds/sdic-chuangyi) — Series D
- Yangtze River Industry Fund (https://capitalatlas.ai/funds/yangtze-river-industry-fund) — Series D
- Sino IC Leasing — Series D