Avita Technology (Chongqing) Co., Ltd. announced that it has received CNY 2,550,000,000 in equity round of funding led by new investor National Green Development Fund Co., Ltd. for CNY 480,000,000 and 5.4% stake on August 2, 2022. The transaction also included participation from institutional investors Shenzhen China Merchants Jintai Capital Management Co., Ltd., SDIC Juli Investment Management Co., Ltd., Shanghai Weihao Chuangxin Investment Management Co., Ltd., CITIC New Future Investment and returning investors South Industry Assets Management Co.,Ltd. for CNY 100,000,000 for 7.4% stake and Chongqing Changan Automobile Company Limited for CNY 1,200,000,000 and 41% stake upon closing. The company has raised more than CNY 5,000,000,000 in funding till date.

The round was raised at post money valuation of CNY 10,000,000,000.