Asia Tech Wire (July 23) -- Chinese electric truck maker Windrose Technology will close a $200 million Pre-IPO financing round led by Belgium's sovereign wealth fund, Federal Holding and Investment Company (SFPIM), according to Chinese media outlet 36Kr.

The startup has previously raised more than 1 billion yuan in total, with investors including HSBC, Boston-based HITE Hedge Asset Management, Australia's Goodman Group and others.

Windrose has already started preparing for a U.S. IPO this year, the report said.

Founded in September 2021, Windrose is a technology company focusing on the research and development, sales and operation of new energy self-driving heavy trucks.

Late last year, news broke that Windrose planned to go public in the U.S. in 2024 to raise at least $200 million.