The outdoor travel technology firm “Squirrel Power” has recently declared the successful conclusion of its Series A funding round, amassing over 200 million yuan. Among the investors are industrial capital entities and specialized financial institutions, including Oriza Holdings, Oriza Vision, Thick Snow Capital, GSR United Capital, Paradise Valley, Thundersoft, Guangyuan Hesheng Fund, Butong Capital, Shenqi Capital, Oxygen Capital, and Spring Plus Capital. The capital raised in this funding round will be predominantly allocated to conducting thorough vehicle-level validation and R&D testing for the Evotrex-PG5. It will also expedite the establishment of production lines and capacity expansion, comprehensively bolster manufacturing capabilities, and guarantee the attainment of the large-scale delivery goal by 2027.