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Zhong Lun Advises Geely's Farizon Auto on First Round of External Financing

Release time：2022-10-28 Voice Announcements

On October 26, 2022, Farizon Auto, a new energy commercial vehicle brand from Geely New Energy Commercial Vehicle Group, announced that it had raised over US$300 million in its first round of external financing. This Pre-A round of investment was led by Hidden Hill Capital, which is backed by Global Logistics Properties. Other key investors included strategic investors and renowned investment institutions, such as Transfar, Citic Securities Investment, Industry Foundation of Xiangtan (Hunan), GLy Capital and Mirae Asset.

Farizon Auto has been dedicated to the R&D of new energy and intelligent technologies on all types of commercial vehicles and has set up multiple platforms to enhance its green intelligent transportation management and service network. After eight years’ development, Farizon Auto has built up its market-leading position in the new energy commercial vehicle industry in China.

Zhong Lun Law Firm acted as Farizon Auto’s legal counsel in this transaction. Previously, the firm also advised on its red-chip restructuring and share incentive plan. The legal team from Zhong Lun was led by partners Anthony Zhao, Luke Zhang and John Shen, and included non-equity partner Roy Zheng and associates Jason Zhan and Myron Hu. Mark Gao and Ashley Hu provided support within their areas of expertise.

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Zhong Lun Advises Geely's Farizon Auto on First Round of External Financing