Henan Derry New Energy Automobile, also referred to as Derry Auto, produces commercial new energy vehicles for the Chinese market. The company focuses on developing NEV products for commercial applications. It announced a Series B financing to support product development efforts. The funds will also be used for market promotion to expand its presence. The announcement underscores the company’s intent to accelerate both R&D and go-to-market activities. No operating metrics were disclosed in the article.

Total raised

$97M

Funding rounds

1

Latest round

Series B

Latest activity

Aug 2023