Beijing Chusudu Technology Company Limited announced that it has received $500 million in funding from SAIC Motor Corporation Limited, IDG Capital Partners Co., Ltd., Yunfeng Capital
On November 4, 2021, Beijing Chusudu Technology Company Limited closed the transaction. The company has amended the terms of the transaction. The company has received over $500 million in its series C+ round of funding. The transaction included participation from new investor IDG Capital Partners Co., Ltd. and returning investor Yunfeng Capital. The company has received $200 million in its second and final tranche. The company has accumulated over $1,000 million of funding's in series C round. The company has raised at least $1,200 million in funding till date.