Matrix

Matrix Partners is a venture capital firm established in 1977, with offices in San Francisco, Cambridge, Shanghai, Beijing, Mumbai, and Bangalore. The firm focuses on seed, early-stage, late-stage, and growth capital investments across various sectors, including software, communications, artificial intelligence, fintech, digital health, and clean technology. With a commitment to building long-term relationships with entrepreneurs, Matrix Partners aims to support visionary founders in developing significant, industry-leading companies. The firm has a strong track record, having participated in hundreds of investments, with many of its portfolio companies achieving successful IPOs or profitable mergers and acquisitions. The team at Matrix Partners combines local insights with global expertise, comprising both former entrepreneurs and seasoned investors.

Ben Altshuler

Partner

Tim Barrows

Partner

Diana Kimball Berlin

Partner

Rahul Chaudhary

Venture Partner

Pranay Desai

Managing Director

Phyllis Doherty

Administrative Partner

Paul J. Ferri

Co-Founder

Jacob Jolis

Partner

Patrick Malatack

Partner

Harry Man

Partner

Kojo Osei

Partner

Kun Qian

Managing Director

Brian Ru

Venture Partner

Varun Singhal

Senior Associate

Dana Stalder

General Partner

David Su

Founding Managing Partner

Ilya Sukhar

General Partner

Sun Linghao

Managing Partner

Huadong Wang

Partner

Kevin Xiong

Partner

Michael Zuo

Partner

T.J. Parker

Partner

Past deals in Automotive

Geometrical-Pal

Seed Round in 2021
Geometrical-PAL is a Chinese autonomous driving technology developer.

SemiDrive

Series B in 2021
Nanjing SemiDrive Technology Ltd. is a semiconductor company based in Nanjing, China, established in 2018. The firm specializes in designing and manufacturing core processor chips for the automotive industry, focusing on applications such as advanced driver assistance systems (ADAS) and autonomous driving. Its product lineup includes the X9 chip for high-performance eCockpit applications, the V9 chip for ADAS and autonomous driving, and the G9 chip, which serves as a vehicle central gateway connecting multiple domains. SemiDrive also offers research and development services for intelligent core processors and provides system-level turnkey solutions. The company operates with a fabless manufacturing model, with additional R&D facilities in Beijing and an office in Shenzhen, addressing the growing demand for smart driving technologies and high-performance industrial microprocessors in the automotive sector.

DST Car

Series C in 2021
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

Yuan Planet

Series A in 2020
Youdi is a second-hand auto parts trading platform.

SemiDrive

Series A in 2020
Nanjing SemiDrive Technology Ltd. is a semiconductor company based in Nanjing, China, established in 2018. The firm specializes in designing and manufacturing core processor chips for the automotive industry, focusing on applications such as advanced driver assistance systems (ADAS) and autonomous driving. Its product lineup includes the X9 chip for high-performance eCockpit applications, the V9 chip for ADAS and autonomous driving, and the G9 chip, which serves as a vehicle central gateway connecting multiple domains. SemiDrive also offers research and development services for intelligent core processors and provides system-level turnkey solutions. The company operates with a fabless manufacturing model, with additional R&D facilities in Beijing and an office in Shenzhen, addressing the growing demand for smart driving technologies and high-performance industrial microprocessors in the automotive sector.

Li Auto

Series C in 2019
Lixiang, formerly known as Chehejia (“Car and Home”), is a Beijing-based electric vehicle startup that plans to disrupt the transportation and auto industries through complete vertical integration. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles. It makes products including smart EVs and electric SUVs to provide customers with longer crosstown journeys. Lixiang also offers rental services and Uber-like on-demand ride-hailing. It was founded in 2015.

Li Auto

Series C in 2019
Lixiang, formerly known as Chehejia (“Car and Home”), is a Beijing-based electric vehicle startup that plans to disrupt the transportation and auto industries through complete vertical integration. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles. It makes products including smart EVs and electric SUVs to provide customers with longer crosstown journeys. Lixiang also offers rental services and Uber-like on-demand ride-hailing. It was founded in 2015.

SemiDrive

Seed Round in 2019
Nanjing SemiDrive Technology Ltd. is a semiconductor company based in Nanjing, China, established in 2018. The firm specializes in designing and manufacturing core processor chips for the automotive industry, focusing on applications such as advanced driver assistance systems (ADAS) and autonomous driving. Its product lineup includes the X9 chip for high-performance eCockpit applications, the V9 chip for ADAS and autonomous driving, and the G9 chip, which serves as a vehicle central gateway connecting multiple domains. SemiDrive also offers research and development services for intelligent core processors and provides system-level turnkey solutions. The company operates with a fabless manufacturing model, with additional R&D facilities in Beijing and an office in Shenzhen, addressing the growing demand for smart driving technologies and high-performance industrial microprocessors in the automotive sector.

SENASIC

Series B in 2019
SENASIC is a company based in Shanghai, China, established in 2015, that specializes in the research, development, manufacture, and supply of tire pressure monitoring sensors and other high-performance chips for automotive and industrial IoT applications. Its product lineup includes various tire pressure sensors, such as the SNP729, SNP705, and SNP739, which measure parameters like pressure, temperature, and power supply voltage, as well as the wireless-SNJ306, a sensor ASIC chip equipped with multiple integrated functionalities. SENASIC has developed expertise in low-power microcontrollers, high-precision analog-to-digital converters, and RF transmission, reflecting their commitment to quality and reliability in sensor technology. The company's automotive tire pressure sensors adhere to AEC-Q10 standards, underscoring their focus on meeting automotive industry requirements.
NASN Automotive Electronics is committed to providing advanced and complete chassis electronic control products, ADAS and autonomous driving related core technologies for the Chinese automotive market. The main products include NBooster intelligent brake system, brushless electric steering EPS controller and wire control system. It is a scientific and technological innovation enterprise integrating R&D, production and sales.

DST Car

Series B in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

DST Car

Series B in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

Yihang.ai

Series B in 2018
Yihang.ai manufactures autonomous driving systems. Yihang Intelligent provides the host factory with a complete auto-driving solution with high reliability, high quality and low cost. Since its establishment, Yihang Intelligent has been aiming at productization and strictly follows the development process of the main engine factory. At present, Autopilot has been commercialized, and Autopilot function autopilot solution is provided for a certain production model. It is applied to Level 4 deep learning technology research and development. Breakthroughs have also been made to achieve real-time pixel-level image segmentation based on deep learning on a car-level embedded chip. Yihang intelligent team is proficient in artificial intelligence and core algorithms such as sensing, decision-making, control and fault diagnosis. It integrates the elites of the automotive industry and experts in computer vision and deep learning. The team members are from domestic and foreign OEMs, Tier 1 suppliers, domestic and foreign. Leading scientific research institutions and famous universities at home and abroad such as Berkeley and Cambridge.It began operation in 2015, with its headquarters in Beijing in China.

Carmera

Series B in 2018
CARMERA provides real-time 3D maps and navigation-critical data for autonomous vehicles, as well as 3D scene reconstruction and site analytics data for professionals in architecture, construction, real estate and other built environment segments. CARMERA operates an owned and professionally crowdsourced vehicular sensor network built from the ground up, that gathers continually updated 3D scene, change detection and analytics data. Our machine vision and geospatial data pipelines extract rich texture and insight for autonomous vehicles and built environment data customers, while helping make vehicles on city streets safer and adhering to privacy best practices. CARMERA’s mission is to automate cities by maintaining the world’s most robust real-time, street-level intelligence platform and to make it accessible to anyone.

DST Car

Series A in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

DST Car

Series A in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

Li Auto

Series B in 2018
Lixiang, formerly known as Chehejia (“Car and Home”), is a Beijing-based electric vehicle startup that plans to disrupt the transportation and auto industries through complete vertical integration. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles. It makes products including smart EVs and electric SUVs to provide customers with longer crosstown journeys. Lixiang also offers rental services and Uber-like on-demand ride-hailing. It was founded in 2015.

Xpeng Motors

Series B in 2018
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People’s Republic of China and the United States. It offers SUVs under the G3 name; and four-door sports sedan under the P7 name. The company also provides vehicle leasing, bank loans, and auto insurance services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People’s Republic of China.

Xpeng Motors

Series A in 2017
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People’s Republic of China and the United States. It offers SUVs under the G3 name; and four-door sports sedan under the P7 name. The company also provides vehicle leasing, bank loans, and auto insurance services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People’s Republic of China.

Chehaoduo

Series B in 2017
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

AutocloudPro

Series A in 2017
AutocloudPro operates an intelligent maintenance platform named "CarTongyun," which offers a comprehensive database for automobile maintenance. This platform supports nearly 2,500 vehicle models, covering a wide range of imported, autonomous, and joint venture vehicles, as well as around 150,000 vehicle types. It addresses over 80% of the models required by the domestic auto repair industry and includes detailed part data for components commonly damaged in daily collisions, encompassing over 95% of total parts. The platform enables users to quickly locate necessary parts information and provides data support for procurement, loss assessment, and out-of-factory rescue scenarios based on parameters like coding queries and original pricing. AutocloudPro aims to enhance its services by implementing direct online ordering for auto parts in the future, thus aiding maintenance providers, insurance companies, and auto parts wholesalers in their operations.

Maven

Seed Round in 2017
Maven is a car-sharing service developed by General Motors, launched in January 2016 in Ann Arbor. The service offers a self-service platform that provides a diverse fleet of vehicles, ranging from small to large automobiles, accessible through a mobile application. Users can rent cars on an hourly basis and complete their trips in designated parking spaces. Maven’s pricing model includes costs for fuel, insurance, parking, and maintenance, making it a comprehensive solution for urban mobility. The company aims to continuously innovate its services and technology to enhance the user experience and meet the evolving needs of its customers.

Chehaoduo

Series B in 2017
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

Carmera

Venture Round in 2017
CARMERA provides real-time 3D maps and navigation-critical data for autonomous vehicles, as well as 3D scene reconstruction and site analytics data for professionals in architecture, construction, real estate and other built environment segments. CARMERA operates an owned and professionally crowdsourced vehicular sensor network built from the ground up, that gathers continually updated 3D scene, change detection and analytics data. Our machine vision and geospatial data pipelines extract rich texture and insight for autonomous vehicles and built environment data customers, while helping make vehicles on city streets safer and adhering to privacy best practices. CARMERA’s mission is to automate cities by maintaining the world’s most robust real-time, street-level intelligence platform and to make it accessible to anyone.

Atzuche

Series C in 2017
Atzuche is a peer-to-peer car rental startup founded in 2014, operating a mobile app that facilitates car rentals between owners and customers. The platform allows users to rent cars from private owners, with Atzuche staff responsible for picking up the vehicles and delivering them to customers. The company has experienced rapid growth, boasting three million registered users and 100,000 registered cars across 14 major cities in China, including Beijing, Shanghai, and Shenzhen. A significant portion of its users rent cars for day trips, while others do so for test drives or daily commutes. Additionally, Atzuche provides vehicle owners with tools to track their cars’ locations, monitor fuel usage, and receive damage alerts, helping them effectively manage their idle assets.

Yihang.ai

Series A in 2017
Yihang.ai manufactures autonomous driving systems. Yihang Intelligent provides the host factory with a complete auto-driving solution with high reliability, high quality and low cost. Since its establishment, Yihang Intelligent has been aiming at productization and strictly follows the development process of the main engine factory. At present, Autopilot has been commercialized, and Autopilot function autopilot solution is provided for a certain production model. It is applied to Level 4 deep learning technology research and development. Breakthroughs have also been made to achieve real-time pixel-level image segmentation based on deep learning on a car-level embedded chip. Yihang intelligent team is proficient in artificial intelligence and core algorithms such as sensing, decision-making, control and fault diagnosis. It integrates the elites of the automotive industry and experts in computer vision and deep learning. The team members are from domestic and foreign OEMs, Tier 1 suppliers, domestic and foreign. Leading scientific research institutions and famous universities at home and abroad such as Berkeley and Cambridge.It began operation in 2015, with its headquarters in Beijing in China.

Chedai.com

Series B in 2017
The first car loan by CITIC Group, Beijing Automotive Group, Matrix Partners, and Brilliance China joint venture China's first credit auto finance O2O service platform. Team consists of professionals from the automotive, financial, Internet, three major areas of composition, dedicated to the automobile industry chain links in new car dealers, used car dealers, car rental business, automotive parts suppliers, vehicle logistics providers, automotive consumers provide tailor-made financial solutions.

Chehaoduo

Series A in 2016
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

Chedai.com

Series A in 2016
The first car loan by CITIC Group, Beijing Automotive Group, Matrix Partners, and Brilliance China joint venture China's first credit auto finance O2O service platform. Team consists of professionals from the automotive, financial, Internet, three major areas of composition, dedicated to the automobile industry chain links in new car dealers, used car dealers, car rental business, automotive parts suppliers, vehicle logistics providers, automotive consumers provide tailor-made financial solutions.

Atzuche

Series B in 2015
Atzuche is a peer-to-peer car rental startup founded in 2014, operating a mobile app that facilitates car rentals between owners and customers. The platform allows users to rent cars from private owners, with Atzuche staff responsible for picking up the vehicles and delivering them to customers. The company has experienced rapid growth, boasting three million registered users and 100,000 registered cars across 14 major cities in China, including Beijing, Shanghai, and Shenzhen. A significant portion of its users rent cars for day trips, while others do so for test drives or daily commutes. Additionally, Atzuche provides vehicle owners with tools to track their cars’ locations, monitor fuel usage, and receive damage alerts, helping them effectively manage their idle assets.

Cheyipai

Series D in 2015
Cheyipai is a private company engaged in e-commerce. It provides sells used vehicles online and online-to-offline (O2O) e-commerce model for the complete transaction process. Wang Tiezhong and Yang Xuejian founded Cheyipai in 2009, with its headquarters in Beijing in China. It operates as a subsidiary of Souche.com as of April 3, 2018.

Haoche51.com

Series A in 2014
It is a Beijing based online used car trading platform Haoche51.com

Atzuche

Series A in 2014
Atzuche is a peer-to-peer car rental startup founded in 2014, operating a mobile app that facilitates car rentals between owners and customers. The platform allows users to rent cars from private owners, with Atzuche staff responsible for picking up the vehicles and delivering them to customers. The company has experienced rapid growth, boasting three million registered users and 100,000 registered cars across 14 major cities in China, including Beijing, Shanghai, and Shenzhen. A significant portion of its users rent cars for day trips, while others do so for test drives or daily commutes. Additionally, Atzuche provides vehicle owners with tools to track their cars’ locations, monitor fuel usage, and receive damage alerts, helping them effectively manage their idle assets.

Cheyipai

Series C in 2014
Cheyipai is a private company engaged in e-commerce. It provides sells used vehicles online and online-to-offline (O2O) e-commerce model for the complete transaction process. Wang Tiezhong and Yang Xuejian founded Cheyipai in 2009, with its headquarters in Beijing in China. It operates as a subsidiary of Souche.com as of April 3, 2018.

Kuaidi Dache

Series B in 2013
Kuaidi Group, as the most technologically integrated and largest car service company in the world, is rapidly transforming the concept of moving people – starting in China. The app combines integrated mapping and third party payment technology to make its service accessible to everybody, and provides over 1 million taxis and a variety of standard and luxury cars for all lifestyles. To ensure the service fits smoothly into urban life, Kuaidi has developed a framework is that is adaptable to other platforms in China, and works in partnership with China’s government and regulators instead of against them. In a country where only 18% of per capita car ownership, Kuaidi is clearly meeting an important need. Kuaidi’s unique business model has attracted 100m registered users in over 300 cities, fulfilling 6 million requests per day. To optimize its services and go beyond customer expectations Kuaidi has secured partnerships with Alipay, Ctrip, AutoNavi, Baidu Maps, Qunar, and Beijing’s ‘96106’ government official platform.

Cheyipai

Series B in 2013
Cheyipai is a private company engaged in e-commerce. It provides sells used vehicles online and online-to-offline (O2O) e-commerce model for the complete transaction process. Wang Tiezhong and Yang Xuejian founded Cheyipai in 2009, with its headquarters in Beijing in China. It operates as a subsidiary of Souche.com as of April 3, 2018.

51edj

Venture Round in 2012
Beijing Yixin Yixing Automobile Technology Development Service Co., Ltd. offers "Time Fragment Service" that searches for valuable free time of people or assets in order to integrate fragmentary time with more humanization and form an economic and practical e-designated driving operation system. It is a designated driving service aimed at reforming and reducing cost and time.

51edj

Seed Round in 2012
Beijing Yixin Yixing Automobile Technology Development Service Co., Ltd. offers "Time Fragment Service" that searches for valuable free time of people or assets in order to integrate fragmentary time with more humanization and form an economic and practical e-designated driving operation system. It is a designated driving service aimed at reforming and reducing cost and time.
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