Australian fund backs autonomous vehicle maker with $30.7m

The National Reconstruction Fund Corporation (NRFC) has made its first transport sector investment, backing Melbourne-based autonomous electric vehicle manufacturer Applied Electric Vehicles (AEV) with a $30.7 million equity stake. The investment forms part of AEV’s $58 million Series B funding round, which also includes Japan Post Capital, the venture arm of Japan’s postal service. NRFC’s […]
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