Chinese Technology Brand FreeYond Receives Nearly RMB100 Million in Angel Round

FreeYond, an innovative Shenzhen-headquartered Tech 4.0 consumer electronics brand netted close to RMB100 Million (approximately RM64.4 Million) in an angel round of funding.

Prominent Malaysian investor Dato’ Eddie Chai Woon Chet invested in FreeYond’s angel round of funding. 

FreeYond, led by charismatic founder Yu Lei, is  focused on redefining consumer electronic including smart phones, smart wear with Tech4.0 including AI, Brain Computer Interface, EMG Technology and more to aid global consumers in enjoying more convenient lifestyle powered by technology.  The company focuses on research, development and sales of consumer electronics.

Birthed in June 2022 by Yu Lei and 17 founding members, FreeYond set global records in concept to production of its in-demand FreeYond F9 and FreeYond M5 smartphones, and the FreeYond Pods 1, from plans to production and distribution in an ultra-quick six months.

The emphasis on Tech 4.0, innovative spirit and speed of FreeYond has attracted global interest from investors.

“FreeYond has proven that they have the vision, technological innovation and speed to make it happen. We spotted their potential. Yu Lei and his team have a unique approach to consumer electronics and their commitment to innovation aligns with our own values, and we are confident in their ability to make a significant impact in the industry and the global market,” says Dato’ Eddie.

Dato’ Eddie is currently on the board of numerous private companies and invests into telecommunications, finance and real estate sectors in the region.

“We will be bringing FreeYond into Malaysia and the rest of Southeast Asia market really soon.  So stay tuned for the updates from us,” adds Dato’ Eddie.

Currently FreeYond has already launched two smartphone models, F9 and M5 and one wireless earphones, Pods 1, which will be available in South America, Africa, South East Asia and Eastern Europe markets. 

According to Yu Lei, Founder of Shenzhen FreeYond Technology Co., Ltd, they are thrilled to have the Malaysian investment group led by Dato’ Eddie.  “Their experience and resources will be invaluable as we continue to scale and bring our products to more customers.  We want to leverage on Dato’ Eddie’s influence in Southeast Asia to expand our brand and business in the region.”

At press time, FreeYond has completed appointing 31 distributors globally. 

The brand name was inspired by the science fiction comedy drama, Upload – freedom and going beyond.

16 January 2023

Author: Terry KS

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