(Yicai) Nov. 17 -- Xingji Meizu Group, the mobile phone firm backed by Geely Holding Group, has raised CNY2 billion (USD276 million) this year via Series A and Angel+ round fundings, achieving a post-money valuation exceeding CNY10 billion (USD1.4 billion).

The Series A round was led by Asia Investment Fund Management and Harvest Global and participated by QC Capital, Wuhan Jingkai, and industrial chain partners, the Wuhan-based firm announced yesterday. The Angel+ round closed in the first half and was backed by Winreal Investment, Xingyuan Fund, Wuhan Jingkai, and others. 

Xingji Meizu will continue focusing on smart electric vehicles, cellphones, extended reality, as well as forward-looking technologies, dedicated to integrating consumer electronics with the auto industry to build an ecosystem of smart transport, it said, without disclosing more details about how the latest investment will be allocated.

The company announced personnel adjustments. Co-founder Shen Ziyu will serve as chief executive and Su Jing, another co-founder, will take on the mantle of group president to be responsible for daily operations. Qi Weimin will become the chief financial officer.

Xingji Meizu is a product of an acquisition of Meizu Technology, the firm behind Meizu-branded cellphones, by Xingji Times Technology, a company under Geely's Chairman Li Shufu, completed last year. The group has unveiled several products, such as the Meizu 20 series, the borderless ecosystem Flyme 10, and the smart car cockpit operating system Flyme Auto.

In June, Xingji Meizu partnered with Geely-backed Swedish electric car developer Polestar to form a joint venture so that Polestar 4, a model set to start deliveries by year-end, will be equipped with Polestar OS, a smart OS based on Flyme Auto. 

Editor: Emmi Laine