Asian Tech Press (Oct 15) -- WM Motor Technology Group Co., Ltd., a Chinese electric vehicle startup, revealed that it has received funding from Li Ka-shing and Stanley Ho's family business.

Ran Zhang, partner and CFO of WM Motor, disclosed in an interview on Friday that the company has recently completed a Series D1 round of funding led by PCCW Ltd (0008.HK) and Shun Tak Holdings Ltd (0242.HK), which are truly funds from the family of Hong Kong billionaires Li Ka-shing and Stanley Ho.

Zhang said that the investment shows their bullishness on WM Motor and that the company will tend to be listed overseas as the next step.

However, Zhang told that it is not convenient to disclose the timing and progress details of WM Motor's listing now, but it is being promoted in an orderly manner.