Risingsun Tire receives series C funding
Jiangsu Risingsun Tire Co., Ltd. announced that it has received Series C funding led by Qianhai FundoFund and followed by Baolong Investment.
Risingsun Tire received the investment by Sino Pacific Capital in Jul. 2016. The investor regulated the tire producer's finance order, reinforced its governance, and helped it launched the next round of fundraising.
Established in 2000, Risingsun Tire is an inflated tire producer with its own intellectual property rights.
Its tire products have realized commercial use in vehicles with comparatively high speed.
The company produces 3 million sets of inflated tubeless tires each year for medical equipment car, sports equipment car, electric bicycle, electric scooter, and shared bicycle.
Tire products of the producers have passed shooting test and entered into the Catalog of Recommended National Defense and Military Industrial Products.
Risingsun Tire reached strategic cooperation with Foxconn Technology Group this Mar.
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