Gasgoo Munich-Shenzhen Xiaoxiang Electric Technology Co., Ltd. has recently secured more than 100 million yuan in a fresh funding round. The round was led by Hengxu Capital, with participation from Nanjing Venture Capital and the New Fourth Army Foundation.
Image Credit: Xiaoxiang Electric
Proceeds will primarily drive the expansion of axial flux motor production capacity, the upgrade of robotic joint modules, and global market expansion. The company plans to establish an automated production line with an annual capacity exceeding 150,000 axial flux motors within the year.
Set to be the world’s first of its kind, the automated line will have an annual capacity of over 150,000 units. By integrating precision assembly, intelligent testing, and digital management, the facility aims to deliver high-quality, mass-produced high-performance motors. With design work now complete, production is slated to begin by 2026.
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