VOYAH’s first external equity financing disclosed to public

Beijing (Gasgoo)- On September 13, Dongfeng Motor’s premium new energy vehicle brand, VOYAH, saw its capital increase project information disclosed to the public by the Shanghai United Assets and Equity Exchange (SUAEE).

Photo credit: VOYAH

Before the capital increase, 89.66% equity of VOYAH was held by Dongfeng Motor Group Company Limited (DFMG), and the rest 10.34% equity was held by Wuhan Woya Enterprise Management Consulting Partnership (referred to as the "employee shareholding platform "). 

After this round of capital increase, it is expected that the equity held by DFMG would be no less than 77%, the total equity held by strategic investors would be no more than 15%, and the equity held by the employee shareholding platform would be no less than 8%. 

The strategic investment received in the round will be used by VOYAH for core technology R&D, digital system construction, production capacity construction, and marketing expenses.

Since the brand’s establishment, VOYAH has put two new energy vehicle models onto the market, namely the FREE SUV and the Dreamer MPV. In August 2022, the company delivered 2,429 vehicles, representing a year-on-year soar of 495%. Since delivery started, VOYAH has cumulatively delivered 17,891 vehicles in China.