Qualcomm and existing backer Hyundai both invested in a $43.5m round for Immotor's EV battery rental spinoff that was led by US-China Green Fund.

China-based battery rental service E-huandian has received RMB300m ($43.5m) in series B funding from investors including mobile semiconductor producer Qualcomm and carmaker Hyundai, China Money Network has reported. US-China Green Fund led the round, which included financial services firm Mirae Asset, Korea Investment Partners, GGV Capital, Yunqi Partners and Translink Capital, while Qualcomm took part…

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