What is DEEPAL?
DEEPAL is a premium electric vehicle brand, a venture backed by the prominent Chinese automotive leader, Changan Automobile. The company is dedicated to advancing intelligent and sustainable mobility solutions. DEEPAL distinguishes itself by integrating cutting-edge EV technology, sophisticated design aesthetics, and forward-thinking driving experiences into its product offerings. Currently serving markets such as Singapore, DEEPAL is focused on delivering next-generation electric SUVs and comprehensive mobility services, aiming to redefine the electric vehicle landscape with innovation and premium appeal.
How much funding has DEEPAL raised?
DEEPAL has raised a total of $2.1B across 3 funding rounds:
Series A
$408M
Series B
$785M
Series C
$871M
Series A (2020): $408M, investors not publicly disclosed
Series B (2022): $785M, investors not publicly disclosed
Series C (2025): $871M supported by China Merchants Bank
Key Investors in DEEPAL
China Merchants Bank
China Merchants Bank, a significant financial institution, likely provides crucial banking and treasury services, supporting DEEPAL's large-scale operational and financial needs as it expands its enterprise-level operations.
What's next for DEEPAL?
With the recent major strategic investment and a substantial total funding amount of $2.1B, DEEPAL is poised for a significant scaling phase. This substantial backing suggests the company is moving beyond its initial development stages and is likely entering a growth period focused on market penetration, product line expansion, and enhancing its intelligent driving technologies. The strategic nature of the recent financing indicates potential collaborations or synergies that could further accelerate DEEPAL's mission to lead in sustainable and intelligent mobility.
See full DEEPAL company page
