BORGWARD
Acquisition in 2019
Borgward Group AG is a German automobile brand which has been acquired by BAIC Group (Beijing Automotive Industry Holding Co.), one of the top-5 largest car OEM in China. It has started its business with a fleet of SUVs created with German design and engineering. With sales increasing in China and European countries, Borgward R&D Silicon Valley has recently opened in Sunnyvale, CA and our mission is to build the best AD and AI technology and deliver them to our production vehicles for an enhancement of safety in terms of self-driving, as well as user experience of our cars.
Chexingyi
Series B in 2018
Guangzhou CheXingYi Information Technology Co., Ltd. is a mobile Internet service company that specializes in providing a comprehensive vehicle service mobile application for car owners. Founded in 2011 and based in Guangzhou, China, the company leverages big data and algorithms to offer various services, including vehicle handling and maintenance. Chexingyi aims to deliver a one-stop solution for car life, enhancing the convenience and efficiency of vehicle management for its users.
AutocloudPro
Series C in 2018
AutocloudPro is a developer of an intelligent maintenance platform known as CarTongyun, which serves the automobile repair industry by providing a comprehensive database that encompasses detailed information on nearly 2,500 vehicles and approximately 150,000 vehicle types. The platform is designed to assist automobile maintenance providers, insurance companies, and auto parts wholesalers by facilitating quick access to crucial parts information, including data on damages from daily collisions. It covers over 80% of the models required by the domestic auto repair sector and addresses more than 95% of parts needed for repairs. In addition to helping users locate and order necessary parts, the platform offers data support for procurement, loss assessment, and emergency scenarios based on specific vehicle parameters. AutocloudPro aims to enhance its platform further by introducing direct online ordering for its catalog of auto parts.
Xpeng Motors
Venture Round in 2017
Xpeng Motors is a Chinese electric vehicle and technology company that specializes in the design and manufacture of smart cars. The company emphasizes local market needs and prioritizes consumer experience, integrating advanced autonomous driving features and internet-connected technologies into its vehicles. This approach aims to enhance the overall functionality and appeal of their cars, making them more than just traditional vehicles. Additionally, Xpeng Motors has a subsidiary, Xpeng Robotics, which focuses on developing smart robots as part of its broader mobility ecosystem.
Souche, founded by Yao Junhong in December 2012, is a prominent automotive new retail platform in China. The company has attracted significant investments, raising over $1.2 billion by August 2018 from notable organizations such as Alibaba Group and Ant Financial Services Group. Recognized in the 2017 New Global Unicorns Ranking by PitchBook, Souche aims to be a central intelligence hub for the automotive industry. Over the years, it has developed an integrated automotive retail ecosystem that includes various businesses. These encompass Tangeche, an automotive financial leasing platform; Chehang168, a B2B industrial chain service platform; Cheyipai, an online used-car trading platform; and TIHD, a car-sharing service. Additionally, Souche offers SaaS products for used-car dealers through Dafengche and operates a new-car dealership network called Maicheguanjia. The company also provides ERP systems for dealership groups and integrated supply chain logistics services. Souche is often referred to as "the Alibaba of the Chinese automotive industry."