China e-car newcomer Future Mobility raises $200M in new financing

Fullshare Holdings

16/08/2017 03:22

BEIJING, Aug 16 (Reuters) - A Chinese-funded electric-car 
startup Future Mobility Corp, led by former BMW  BMWG.DE  and 
Nissan Motor Co  7201.T  sales executive as president and 
co-founder, has raised $200 million in its latest round of 
financing.  
    Daniel Kirchert, Future Mobility's president, told Reuters 
in an interview main investors in its new financing round 
include Fullshare Holdings Ltd  0607.HK  and Zijin Venture 
Capital. He said most of the money will be used for product 
development.  
    Future Mobility has said it plans to launch three models. 
The first, a premium midsize crossover sport-utility vehicle 
(SUV), will arrive by the fourth quarter of 2019, followed 
within three years by a sedan and a 7-seater multi-purpose 
vehicle (MPV). All initial vehicles will likely be priced around 
300,000 yuan ($44,874.58) to be able to complete with the Tesla 
Model 3 sedan.    
 
($1 = 6.6853 Chinese yuan renminbi) 
 
 (Reporting by Norihiko Shirouzu) 
 ((vincentsy.lee@thomsonreuters.com; +822 3704 5646; Reuters 
Messaging: vincentsy.lee.thomsonreuters.com@reuters.net; follow 
me on Twitter @Rover829)) 
 
Keywords: CHINA AUTOS/FUTURE MOBILITY