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Electric Semi Trucks Get Boost of $110M in Windrose Series B Funding

May 9, 2024

Windrose Technology announced a breakthrough for electric semi trucks, with the completion of the second phase of its Series B funding at an impressive total of $110 million.
The China-based company made headlines recently with its electric long-haul trucks, which boast a range of 670 km on a full load of 49 tons.
The Windrose trucks are capable of recovering 400 km of range in only 36 minutes and are equipped with an 800V high-voltage fast-charging platform.

Chinese company Windrose Technology, a leading innovator in the development of electric heavy-duty trucks, has successfully completed the second phase of its Series B funding. This latest achievement has brought the total funding for this round to an impressive $110 million.

New Investors Mean New Projects

The pool of investors for this round showcases a diverse and influential group, including the London-based financial giant HSBC and the Boston-based HITE Hedge Asset Management. Industrial real estate and digital infrastructure specialist Goodman Group, alongside executives from renowned global brands and logistics companies, have shown their support.

The proceeds of this Series B funding will be strategically allocated to several crucial areas to further propel Windrose Technology toward its goal of global electrification in the heavy-duty trucking industry. A significant portion of the funds will be dedicated to accelerating the testing and deployment of Windrose Technology’s pioneering electric long-haul trucks on a global scale.

The investment will facilitate the establishment of a new supply chain center and a state-of-the-art production facility. These new hubs are expected to streamline operations, enhance production capacity, and ensure the scalability required to meet the growing demand for electric semi trucks.

Additionally, recognizing the importance of supporting infrastructure for electric vehicles, a part of the financing will be directed toward the implementation of fast-charging infrastructure. Notably, the initiative includes the first installation of one of the world’s fastest megawatt-level chargers.

This trailblazing EV charging infrastructure will be located at Goodman’s Citylink property near Beijing, China, and is slated to become operational in the second quarter of 2024.

Windrose Technology’s Newest Electric Semi Trucks

Windrose Technology is at the forefront of revolutionizing the trucking industry with its next-generation zero-emission and intelligent long-haul trucks. These vehicles are designed to meet the critical demands of transporting consumer and industrial goods, offering a cleaner and more cost-effective logistics solution globally.

The company’s electric semi trucks boast an impressive range of 670 km (416 miles) on a full load of 49 tons. These trucks are capable of recovering 400 km (248.5 miles) of range in just 36 minutes, significantly reducing downtime and enhancing operational efficiency. The trucks are equipped with an 800V high-voltage fast-charging platform.

Windrose’s commitment to excellence is demonstrated through rigorous testing under extreme conditions, ensuring reliability and performance across various environments. By collaborating with leading logistics and technology firms such as Rokin Logistics, Kerry Logistics, BorgWarner, and TUV SUD, Windrose has had a successful deployment in China.

This initial launch serves as a foundational step, with plans for expansion into Europe, the United States, and Australia on the horizon. Through these strategic partnerships and expansions, Windrose Technology is paving the way for a sustainable future in long-haul transportation and investing in broader EV charging infrastructure.

In April, a historic collaboration between BorgWarner New Energy (Xiangyang) Co., Ltd, Goodman Group, Windrose Technology, and Decathlon China was announced. A revolutionary, new 960kW megawatt charging system was implemented in China, through Windrose Technology’s cutting-edge electric semi trucks, which are equipped with a colossal 729kWh battery capacity.

Typically, most electric semi-truck batteries in China have capacities of 280kWh or 350kWh. Additionally, the batteries typically have a rated voltage of 618V and a current capacity of 400A. Most vehicles generally support a charging power of about 280kW. Therefore, this breakthrough by Windrose is significant.