BYD Raises $1.1B in Series Unknown

BYD has successfully raised $1.1B in a Series Unknown at a $120B valuation led by Berkshire Hathaway, Himalaya Capital.

Company Overview

BYD is a Automotive company headquartered in 3009 BYD Road, Shenzhen 518118, China, founded in 1995 with 570000+ employees.

Electric vehicle and battery manufacturer

Fundraising Details

Amount Raised: $1.1B
Round Type: Series Unknown
Valuation: $120B
Date: 2024-03-28
Investors: Berkshire Hathaway, Himalaya Capital

About BYD

Electric vehicle and battery manufacturer The company is positioned in the Automotive sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 3009 BYD Road, Shenzhen 518118, China
Founded: 1995
Team Size: 570000+
Industry: Automotive

What This Means

This funding round demonstrates strong investor confidence in BYD's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Automotive sector continues to attract significant investment as companies innovate to meet evolving market demands. BYD's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $120B valuation marks an important milestone for BYD, positioning the company among notable players in the Automotive industry.

Looking Ahead

With this new capital, BYD is well-positioned to execute on its growth strategy and continue building innovative solutions in the Automotive space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-03-28. For more information about BYD, visit their headquarters at 3009 BYD Road, Shenzhen 518118, China.