SHANGHAI, July 23 (Reuters) - Chinese electric truck

startup Windrose is aiming to raise $200 million in its final

round of funding in equity investments and debt before it seeks

an initial public offering in the United States, a person with

direct knowledge of the matter said.

The fundraising target, which would help Windrose build

overseas assembly plants to serve its clients in Europe and the

United States, was doubled in size from an originally planned

$100 million, said the person.

Belgium's wealth funds SFPIM and PMV have already committed

a $50 million equity investment in Windrose, which is building a

plant to assemble heavy electric trucks in the European country

from 2025, the person added.

Citigroup would also offer Windrose $50 million in lending

as part of the company's fundraising efforts, said the person

and another source familiar with the matter. They both declined

to be named as the plan is not yet public.

Windrose, Belgium's SFPIM and Citi all declined to comment.

PMV did not respond to a query for comment.

The deal with SFPIM and PMV, if finalised, would mark the

first investment by European sovereign funds into a Chinese

electric vehicle company and comes as the European Commission

has imposed an extra tariff of up to 38% on EVs imported from

China to counter what it says are unfair state subsidies.

Windrose is also building a final assembly plant in Georgia

in the United States to serve U.S. buyers that have placed the

majority of its existing order book of 6,400 trucks, founder and

Chief Executive Han Wen told Reuters.