"Squirrel Power" has completed a Series A round of financing with a total amount exceeding RMB 200 million.

36 Kr has learned that Squirrel Power, a hard-tech enterprise focused on outdoor mobility, has recently completed its Series A round of financing with a total amount of over 200 million yuan. The investors of this round cover industrial capitals and professional financial institutions including Yuanhe Puhua, Yuanhe Wanghou, Thick Snow Capital, Jinshajiang United Capital, Paradise Silicon Valley, ThunderSoft, Guangyuan Hesheng Fund, Butong Capital, Shenqi Capital, Living Water Capital and Chunjia Capital. The funds raised in this round will be mainly invested in the in-depth vehicle-grade verification, R&D and testing of the Evotrex-PG5 complete vehicle, accelerate the construction of production lines and the expansion of production capacity, and comprehensively expand manufacturing capabilities, so as to ensure the smooth realization of the mass delivery target in 2027.