Avita completes more than 11 billion yuan in Series C financing and starts IPO preparations

On the evening of December 17, Avita announced the successful completion of Series C financing, with a total amount of more than 11 billion yuan.

This round of financing was jointly funded by Changan Automobile, Yufu Fund, Southern Assets Fund, SDIC Fund, Bank of Communications Investment and other strategic and market-oriented investors.

, Avita pointed out that with the successful completion of Series C financing, Avita will have more sufficient working capital to further accelerate the research and development, design, brand building, overseas expansion, etc.

of subsequent models, creating a unique and highly futuristic travel and life experience for more users.

At the same time, Avita has also started preparations for listing simultaneously and plans to go public on IP0 in 2026.

Photo source: Avita.

Currently, Avita has three models on sale: Avita 11, Avita 12 and Avita 07.

According to official data, Avita delivered a total of 62,539 new vehicles from January to November this year, of which 11,579 vehicles were delivered in November, setting a record high.

It is also the second consecutive month that sales exceeded 10,000.

On this basis, Avita has recently released the official map of its fourth model, the Avita 06, marking that Avita has initially achieved its goal of “four cars in four years”.

It is understood that the Avita 06 is positioned as a young luxury mid-size sedan and will also be available in pure electric and extended range versions.

It will be equipped with Huawei LIDAR + Gankun Smart Driving Pure Vision solutions, as well as Hongmeng 4.

0 vehicle system and other configurations.

, it is expected to sell for around 250,000 yuan and will be available in the second quarter of 2025.

At the same time, Avita is also actively expanding its hybrid product matrix, launching extended-range versions of Avita 07 and Avita 12 models, which has effectively boosted sales growth in the past two months.

In this context, Avita has previously made it clear that it will reach a sales target of 220,000 vehicles in 2025.

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Link to this article: https://evcnd.com/avita-completes-more-than-11-billion-yuan-in-series-c-financing-and-starts-ipo-preparations/

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