China’s personalized car firm CYBERSPACE bags nearly 100 million yuan in Pre-B round

Shanghai (Gasgoo)- CYBERSPACE, a Chinese high-end personalized car brand, recently fulfilled its Pre-B financing round, which raised for the company nearly 100 million yuan ($14.558 million).

The fresh round was led by Hanhui Capital, and also attracted such investors as Haizhu City Construction Development Group and Yuexiu Industrial Fund, according to a post on the WeChat account of the leading investor.

Lighthouse served as the financial consultant of the new funding round.

CYBERTANK300; photo credit: CYBERSPACE

Investors of the said round include the market-oriented and state-owned industrial funds that have a wide layout in the upstream and downstream industrial chains related to new energy vehicles (NEVs), indicating their strong support for CYBERSPACE’s future deep deployment in supply chain.

Through standardized automotive engineering solutions, CYBERSPACE collaborates with various automakers to achieve mass production of customized factory-installed vehicle models, making it a personalized car brand with full-chain capabilities in production, research, supply, and marketing.

CYBERSPACE has launched several mass-produced tailor-made models with corresponding services offered. In 2021, it introduced the CYBERTANK300 off-roader, which is based on Great Wall Motor’s TANK 300, with the cumulative deliveries so far hitting 3,000 units.

In addition, the company has submitted the application of its new product, the CYBERKNIGHT, to relevant authorities. The model is limited to 7,000 units.