Fangde Micro Motor (Lishui) Co., Ltd. announced that it will raise CNY 20,000,000 on April 29, 2024. The transaction will include participation from returning investor, Zhejiang Founder Motor Co., Ltd.. The company's registered capital will increase from CNY 120,000,000 to CNY 140,000,000.

The transaction has been approved in the 14th meeting of the 8th board of directors .