Zhang praised the process as unusually efficient, saying negotiations took about three months and highlighting what he described as the province’s “very high efficiency in all aspects.”
What outsiders considered as a fortunate bet appears to be the result of years of industry observation and conviction, built through riding, testing products and closely tracking the evolution of China’s motorcycle engineering capabilities.
The Series A funding was led by Zhejiang Province Venture Capital Group, totaling 90 million yuan ($13 million), giving ZXMoto a post-money valuation of 1.09 billion yuan.
