According to scientific and technological information, “MOTI” electronic cigarettes receive a Zhen Fund Pre-A round of $10 million investment, the funds are mainly used for “MOTI” and “MOJO” two types of electronic cigarettes vape product research and development and brand marketing.
MOJO Electronic Cigarette
It is understood that Zhen Fund is an angel investment fund co-founded by Xu Xiaoping, Wang Qiang and Sequoia Capital China Fund in 2011. It has invested in many star enterprises such as Jiayuan, Jumei, Xiaohongshu, Honeybud and Dayi.
When it comes to MOTI electronic cigarette, many people are not clear, but when it comes to MT electronic cigarette, many people are very familiar with it. The predecessor of MOTI is the beta MT.
Liu Yuan, Director of Zhen Fund Investment, said that smoking is an ancient activity, accompanied by globalization and industrialization, destined to revolutionary upgrade under the promotion of technology and products. The United States on the other side of the Pacific has demonstrated the trend of replacing cigarettes with electronic cigarettes.
The founding team of MOTI mostly has the background of studying abroad in the United States and France. It has been engaged in the electronic cigarette industry in the United States for nine years. It has founded or co-founded some famous electronic cigarette brands such as GEEKVAPE and VAPORESSO. It has participated in the establishment and operation of half of the top ten brands in the American electronic cigarette industry and has rich industry experience and resources.
MOJO is popular in forums in North America
Liu Yuan, Director of True Fund Investment, said he hoped that the MOTI team would overcome the difficulties and become the leading brand in the domestic electronic cigarette industry in the increasingly fierce competition in order to make up for the second regret in the United States.
MOTI will upgrade the product development and brand marketing of MOTI and MOJO electronic cigarettes after completing the investment of $10 million in the Pre-A round of Zhen Fund.
Moti/Mojo vape official site: https://www.mojovape.com/