Cargo electric assisted bicycle manufacturer Xunlu Innovation completes a new round of financing of tens of millions of yuan.

On August 11, according to news from Shunwei Capital, E-cargo bike manufacturer Xunlu Innovation has completed a new round of funding worth tens of millions of yuan, with Sequoia China Seed Fund leading the investment and several existing shareholders such as Shunwei Capital also participating. The funds raised will be used for mass production of the first product and research and development of the next generation of products. Xunlu Innovation was founded in July 2023 and has completed four rounds of funding in the past two years. Historical shareholders include Shunwei Capital, Dexton Investment, XBOTPARK Fund, Brizan Ventures, Primaries Capital, and Professor Gao Bingqiang.