Byton is a company manufacturing an electric SUV that is headquartered in Nanjing, China and was founded in 2016 by Carsten Breitfled and Daniel Kirchert. The company is developing a luxury electric SUV called the M-Byte. In 2018 the company took over a subsidiary of FAW operating out of Tianjin Huali, China.
On June 11, 2018 Byton completed their series B funding round with $500 million in funding from FAW Group, Tus-Holdings, CATL, and other investors. The company plans on using the funding to help bring its first electric vehicle to market. The co-founder and president of Byton, Daniel Kirchert, made the following comment regarding the companies series B funding round:
The success of this funding round highlights how diversified strategic investors will further expand BYTON’s circle of friends and broaden our development opportunities. BYTON is establishing a new benchmark for auto start-ups with four essential ‘must haves’, namely Technology, Product, Capital and Factory.
On May 9, 2019 Byton completed a venture capital funding round with $100 million in funding from FAW Group and other investors.
Timeline
Funding rounds
People
Apurba Sengupta
Employee
Benoit le Bourgeois
Employee
Bonner Bellew
Investor
Brian Curran
Employee
Hakuei Huang
Employee
Hanlin He
Employee
Jocelyn Baxter
Employee
Khoa Nguyen
Employee
Mike Sheng
Employee
Soumendu Chanda
Employee