HSG, formerly known as Sequoia Capital China, is a global venture capital and private equity firm, managing over USD 55 billion across various funds. Established in 2005, HSG invests in technology, healthcare, and consumer sectors, with a focus on seed, venture, growth, buyout, and infrastructure stages. The firm has backed over 1,500 companies, with more than 160 listed on public exchanges and over 140 achieving unicorn status. HSG operates globally, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, providing extensive resources and industry expertise to its portfolio companies.
2800 Sand Hill Road, Suite 101 Menlo Park, California 94025, USA
Room 3606 China Central Place Tower 3 77 Jianguo Road Chaoyang District Beijing 100025, China
6th Floor, East Wing, Block B, Divyasree Technopolis, Off HAL Airport Road, Yemalur, Kadubeesanahalli, Bengaluru, Karnataka 560037, India
Rohit Agarwal
Managing Director
Wang Chenyu
Vice President
Sakshi Chopra
Managing Director
Raghavv Garg
Analyst
Amit Jain
Managing Director
Pushpak Kedia
Vice President
Sunint Khurana
Analyst
Cherry Lu
Partner
Ishaan Mittal
Managing Director
Saksham Mittal
Analyst
Abhishek Mohan
Principal
Javier Ng
Associate
Enita Pu
Partner
Wendy Qian
Analyst
Haim Sadger
Partner
Harshjit Sethi
Managing Director
Yoav Shaked
Partner
Johan Surani
Vice President
Vedant Trivedi
Associate
Aradhita Tuli
Investment Analyst
Pavel Vyhnalek
Operating Partner
Fu Xin
Partner
Past deals in Automotive
Mindgrove
Series A in 2024
Mindgrove specializes in the design and manufacture of semiconductor chips, focusing on innovative Systems on Chips (SoCs) tailored for various applications. The company produces power-efficient chips suitable for automotive, consumer electronics, and defense sectors. These products are designed to perform effectively in power-constrained environments and support functionalities such as hardware encryption and digital signal processing. Mindgrove aims to meet the growing demand for advanced semiconductor solutions in diverse industries.
Naen Auto
Venture Round in 2024
Shanghai NAEN Auto Technology Co., Ltd. specializes in automotive electronics, focusing on the development and manufacturing of advanced products for automobile manufacturers. The company's offerings include a range of systems such as passive entry passive start (PEPS), electronic steering column locks (ESCL), smart air conditioning (AC), body control modules (BCM), heads-up display (HUD) systems, domain control units (DCU), capacitive sensors (CS), and kick sensors (KS). By providing these innovative solutions, NAEN Auto supports the production of intelligent vehicles, enhancing functionality and user experience in modern automobiles.
Dongchedi
Venture Round in 2024
Dongchedi operates an automotive information platform designed to enhance users' understanding of vehicles. The platform analyzes users' interests and hobbies to automatically recommend relevant content, information, and quotations for both new and used cars. By providing valuable insights and knowledge about the car industry, Dongchedi aims to assist users in making informed decisions regarding their automotive needs.
Wuxi Gongwang
Seed Round in 2024
Wuxi Gongwang inductive sensor developer offering high-precision, oil and dust-resistant products for various industries, including aerospace, automotive, medical care, and more.
Bibost Automotive Electronics
Series A in 2024
Bebest Automotive Electronics specializes in the production and research of advanced automotive electronic products. The company focuses on developing intelligent chassis core components and chassis domain controllers, which are essential for modern vehicle systems. Additionally, Bebest offers technical services related to autonomous driving, as well as electronic mechanical brake systems and steering-by-wire systems. By providing high-quality solutions for chassis-by-wire technology, Bebest aims to meet the growing demands of the global automotive market.
Huaxuan Sensing
Series B in 2023
Huaxuan Sensing is a company specializing in sensor technology, particularly in the development and production of resolver sensors tailored for the new energy automobile industry. The company provides a range of sensors with various stator sizes and sensitivities, catering specifically to domestic automobile manufacturers. By offering these components, Huaxuan Sensing enables car manufacturers to enhance their products and improve performance in the rapidly evolving market of new energy vehicles.
Maka Motors
Seed Round in 2023
Maka Motors is an Indonesian company specializing in the manufacture of electric motorcycles. It focuses on producing vehicles tailored to local road conditions and driving styles, ensuring reliability and capability for its customers.
Yifuming
Series A in 2023
Yifuming is a research and development company of new materials for automobiles.
Xinsu Technology
Seed Round in 2023
Xinsu Technology develops, designs, and sells industrial machine vision sensor devices. It is specialized in new energy battery and automobile manufacturing industries. It engaged in intellectual property rights of decoding and reading algorithms and has launched a series of industrial high-performance fixed code readers such as R275-A.
Renxin Technology
Series A in 2023
Renxin Technology is an automotive chip design company. It provides competitive chip and system solutions for the industry and follows the evolution and development of automotive EE architecture.
Mindgrove
Seed Round in 2023
Mindgrove specializes in the design and manufacture of semiconductor chips, focusing on innovative Systems on Chips (SoCs) tailored for various applications. The company produces power-efficient chips suitable for automotive, consumer electronics, and defense sectors. These products are designed to perform effectively in power-constrained environments and support functionalities such as hardware encryption and digital signal processing. Mindgrove aims to meet the growing demand for advanced semiconductor solutions in diverse industries.
Haawking
Series A in 2022
HAAWKING is a developer and manufacturer of digital signal processors and microprocessors, specializing in applications for industrial control, motor drives, digital power supplies, photovoltaic systems, energy storage, and consumer electronics. Based in China, the company emphasizes research and development in its product offerings, which also include machine vision chips tailored for use in industrial robots and intelligent applications such as augmented reality and autonomous driving. HAAWKING aims to enhance computing efficiency and reduce costs for its clients across various sectors. Customers can reach out to the company through email and phone for inquiries and support.
Eaglechip
Angel Round in 2022
EagleChip is a chip design company that specializes in the development and design of Field Programmable Gate Arrays (FPGAs). It focuses on research and development, creating tailored electronic design automation (EDA) toolchains that cater to various industries. These industries include communications, data centers, industrial control, consumer electronics, smart vehicles, video processing, and medical electronics. EagleChip aims to provide high-quality FPGA chip solutions to meet the specific needs of its customers, ensuring a reliable domestic supply in the competitive semiconductor market.
Bibost Automotive Electronics
Seed Round in 2022
Bebest Automotive Electronics specializes in the production and research of advanced automotive electronic products. The company focuses on developing intelligent chassis core components and chassis domain controllers, which are essential for modern vehicle systems. Additionally, Bebest offers technical services related to autonomous driving, as well as electronic mechanical brake systems and steering-by-wire systems. By providing high-quality solutions for chassis-by-wire technology, Bebest aims to meet the growing demands of the global automotive market.
SiEngine Technology
Series A in 2022
SiEngine Technology specializes in the development of electronic chips for the automotive industry. The company focuses on creating advanced automotive solutions, including smart cockpit System on a Chip (SoC) and control chips designed for autonomous driving. By integrating these technologies, SiEngine aims to enhance the driving experience, making it more intelligent and efficient for users.
Callisto Technology
Seed Round in 2022
Callisto Technology is a company that specializes in smart vehicle security and data management systems. It develops intelligent safety solutions aimed at enhancing the safety of autonomous driving. By leveraging artificial intelligence and big data technologies, Callisto Technology provides automotive safety solutions tailored for smart cars and driving companies worldwide. The company's focus is on creating a safe and reliable network environment for vehicles, contributing to the advancement of connected and autonomous vehicle technologies.
Rox Motor
Series D in 2022
ROX Motor is a company dedicated to the development of off-road new energy vehicles, focusing on innovations in smart car technologies. The firm specializes in research and development in areas such as new energy power, intelligent cockpit systems, and autonomous driving. By providing advanced solutions in three-electric technology and intelligent driving, ROX Motor aims to enhance product quality within the new energy vehicle industry. The company's commitment to integrating cutting-edge technologies supports its mission to lead in the smart vehicle market.
Enterprise Digital
Series A in 2022
Enterprise Digital is a solution supplier for SaaS and operation effects implementation in the automobile sector. It offers based on the SaaS user access platform for private domains, traffic buildup, user operation, and sales conversion.
Moladin
Series A in 2022
Launched in 2017, Moladin operates an e-commerce platform focused on the automotive sector, allowing consumers to access information about used vehicles and purchase them online. The platform serves as a centralized portal for various automotive transactions, connecting users with nearby service workshops, spare part retailers, accessory dealers, and modifiers. By partnering with over 40 dealers and several major financing companies, Moladin offers a range of options and discounts, facilitating easy access to information and funding for motorcycle users and automotive buyers alike.
Otoklix
Series A in 2021
Otoklix is a company based in Jakarta Selatan, Indonesia, that specializes in the automotive aftermarket sector. Founded in 2019, it operates a platform designed to connect vehicle owners with independent car workshops, addressing the fragmented nature of the auto repair industry in Indonesia. Otoklix enables users to conveniently book services online at nearby recommended workshops, ensuring standardized pricing and service levels. The platform also offers features such as warranty coverage for transactions and a system for tracking repair and maintenance history. Additionally, Otoklix provides customer relationship management and supply chain management solutions to enhance the visibility and efficiency of independent workshops, ultimately aiming to improve the overall vehicle maintenance experience for consumers.
Rox Motor
Series C in 2021
ROX Motor is a company dedicated to the development of off-road new energy vehicles, focusing on innovations in smart car technologies. The firm specializes in research and development in areas such as new energy power, intelligent cockpit systems, and autonomous driving. By providing advanced solutions in three-electric technology and intelligent driving, ROX Motor aims to enhance product quality within the new energy vehicle industry. The company's commitment to integrating cutting-edge technologies supports its mission to lead in the smart vehicle market.
X-Times
Series A in 2021
X-Times is a technology company that creates high-end digital chip design solutions. The company is focusing on independent research and development of the digital implementation EDA platform in accordance with the 3S concept (Smart, Speedy, Simple), including a new generation of layout and wiring technology while providing high-end digital chip design solutions, which can greatly improve chip design efficiency and help realize one-time rapid mass production of chips. It accompanies the rapid development and industrial take-off of many partners in the field of integrated circuits, such as artificial intelligence, smart cars, 5G, and cloud computing.
HT Aero
Series A in 2021
HT Aero aspires to be the pioneer of urban air mobility (UAM) and is dedicated to producing safe and intelligent electric flying vehicles. which combine automotive and aerospace technologies to realize domestic air-travel usage at scale.
AgileX
Venture Round in 2021
AgileX Robotics (Dongguan) Co., Ltd is a manufacturer based in Dongguan, China, with an additional office in Shenzhen. Founded in 2017, the company specializes in designing and producing mobile robot products, including unmanned ground vehicles (UGVs) and automated guided vehicles (AGVs). AgileX's offerings cater to various industries such as logistics, security, agriculture, and animal husbandry. The company aims to provide innovative solutions that enhance operational efficiency and reduce the manual workload through advanced robotics technology. Their products are utilized in applications such as security inspection, industrial park operations, agricultural irrigation, and scientific research, demonstrating a commitment to advancing intelligent robotics for broader workforce liberation.
Enjoy Move Tech
Series A in 2021
Enjoy Move Tech specializes in the research and development of high-performance computing software platforms tailored for smart cars and autonomous driving applications. The company focuses on creating intelligent driving application operating systems and artificial intelligence technologies that facilitate the integration of advanced driving solutions in vehicles. Central to its offerings is the self-developed EMOS middleware platform, which provides deterministic communication and scheduling capabilities. This platform has achieved TÜV Rheinland's ASIL D certification, ensuring high safety standards. Additionally, Enjoy Move Tech has developed a full-stack low-speed automatic driving algorithm known as the EM-Parking System, designed to operate effectively in various complex scenarios. The company's intelligent driving software and domain control solutions have reached mass production, reinforcing its position in the automotive technology sector.
GoMechanic
Series C in 2021
GoMechanic is an online car servicing platform that allows users to conveniently schedule car maintenance and repairs at their preferred times. The platform offers a range of services, including denting and painting, interior and exterior car care, washing, and cashless insurance repairs. By streamlining the car servicing process, GoMechanic aims to provide a hassle-free experience for vehicle owners, ensuring that they can maintain their cars with ease.
AkroStar
Series A in 2021
AkroStar is a technology company specializing in the research, development, and service of advanced semiconductor intellectual property (IP) and design IP cores. The company focuses on creating IP designs for various applications, including smart cars, data centers, high-performance computing, and artificial intelligence technology. By providing process customization, integrated design automation, system verification, and product integration, AkroStar enables users to enhance operational performance and improve efficiency in their chip design and system applications.
Enterprise Digital
Seed Round in 2021
Enterprise Digital is a solution supplier for SaaS and operation effects implementation in the automobile sector. It offers based on the SaaS user access platform for private domains, traffic buildup, user operation, and sales conversion.
AkroStar
Seed Round in 2021
AkroStar is a technology company specializing in the research, development, and service of advanced semiconductor intellectual property (IP) and design IP cores. The company focuses on creating IP designs for various applications, including smart cars, data centers, high-performance computing, and artificial intelligence technology. By providing process customization, integrated design automation, system verification, and product integration, AkroStar enables users to enhance operational performance and improve efficiency in their chip design and system applications.
Huolala
Series E in 2020
Huolala offers logistics services, moving, less-than-truckload, car rental and sales, and after-car services. Founded in 2013 and grown in the Guangdong-Hong Kong-Macao Greater Bay Area.
CassTime
Series C in 2020
CassTime is an industrial internet company based in China that focuses on the automotive aftermarket. It operates a comprehensive trading platform that offers full coverage of spare parts, facilitating price inquiries and simplifying settlements for sellers of auto parts and accessories. In addition to its marketplace, CassTime provides a SaaS management system tailored for workshops, along with supply chain finance and logistics services. This integrated approach enables businesses to conduct transactions efficiently while accessing detailed information about vehicle parts, ultimately enhancing the overall experience for both buyers and sellers in the automotive sector.
SmartSens Technology
Series B in 2020
SmartSens Technology is a company based in Shanghai that specializes in the research, development, design, and sales of high-performance CMOS image sensor chips. The company offers advanced imaging solutions applicable in various sectors, including surveillance, machine vision, automotive, and mobile cameras. With a commitment to innovation, SmartSens aims to enhance growth across multiple industries by providing a diverse and comprehensive portfolio of image sensors.
Semidrive Technology
Series A in 2020
Nanjing Semidrive Technology Ltd., established in 2018, is a Chinese company specializing in the design and manufacture of core processor chips for automotive applications. It offers a range of products, including the X9 chip for eCockpit systems, the V9 chip for advanced driver assistance systems (ADAS) and autonomous driving, and the G9 chip for vehicle central gateway applications. Semidrive operates with a fabless manufacturing model and has research and development facilities in Nanjing and Beijing, with an additional office in Shenzhen.
Xpeng Motors
Series C in 2020
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.
BYD Semiconductor
Series A in 2020
BYD Semiconductor is an electronic components manufacturing company that specializes in the research and development of power semiconductors and integrated device manufacturing solutions. The company produces a range of products, including battery management chips, power field effect transistors, image sensors, touch control chips, protection diodes, and current sensors. BYD Semiconductor's offerings encompass semiconductor manufacturing and services that facilitate the sensing, processing, and control of optical, electrical, and magnetic signals. Its solutions cater to diverse industries such as automotive, energy, industrial, and consumer electronics.
Yuan Planet
Angel Round in 2020
Yuan Planet is an e-commerce platform that provides second- hand auto parts.
GoMechanic
Series B in 2019
GoMechanic is an online car servicing platform that allows users to conveniently schedule car maintenance and repairs at their preferred times. The platform offers a range of services, including denting and painting, interior and exterior car care, washing, and cashless insurance repairs. By streamlining the car servicing process, GoMechanic aims to provide a hassle-free experience for vehicle owners, ensuring that they can maintain their cars with ease.
CassTime
Series C in 2019
CassTime is an industrial internet company based in China that focuses on the automotive aftermarket. It operates a comprehensive trading platform that offers full coverage of spare parts, facilitating price inquiries and simplifying settlements for sellers of auto parts and accessories. In addition to its marketplace, CassTime provides a SaaS management system tailored for workshops, along with supply chain finance and logistics services. This integrated approach enables businesses to conduct transactions efficiently while accessing detailed information about vehicle parts, ultimately enhancing the overall experience for both buyers and sellers in the automotive sector.
Yunxi
Series B in 2019
Yunxi Technology Co., Ltd., established in 2016, is a Chinese enterprise specializing in big data and cloud-based marketing platforms. Headquartered in Guangzhou, with an additional office in Hangzhou, Yunxi caters to diverse industries such as real estate, fast-moving consumer goods, automotive, and retail chains. The company offers a comprehensive suite of services, including customer management, marketing management, data analysis, cloud management, omnichannel sales, and enterprise digital platforms. Yunxi's core technology, a "business + data" dual-center platform, drives enterprise digital transformation and empowers new retail business innovations. With over 600 employees, of which 85% are technical personnel, Yunxi has successfully implemented digital transformation for numerous domestic and foreign companies. The company has received strategic investments from international funds like Ginkgo Valley Capital and Sequoia Capital China Fund, and serves as a core partner of Alibaba Cloud Intelligent Ecology.
CARS24
Series D in 2019
CARS24 Services Pvt. Ltd. is a company based in Gurugram, India, specializing in the buying and selling of used cars. Founded in 2015, CARS24 operates as a subsidiary of Global Car Group and has developed a tech-enabled marketplace that transforms the process of selling pre-owned vehicles. The company offers car inspection and valuation services, utilizing an AI-driven pricing algorithm to provide accurate market and appraisal prices. This innovative approach facilitates secure and efficient transactions, enabling car owners to sell their vehicles at fair prices through a network of channel partners across various cities in India. Additionally, CARS24 offers vehicle lending products, expanding its services within the automotive finance sector.
Asensing
Series A in 2019
Guangzhou Asensing Electronics Co., Ltd. specializes in the development of inertial navigation and optoelectronic technology solutions. Founded in 2014 and based in Guangzhou, China, the company offers a range of products including vertical gyros, inertial measurement units, attitude heading reference systems, and GPS/INS integrated navigation systems. These products are utilized across various sectors such as aerospace, marine, and industrial applications, serving customers in the fields of aircraft, ships, robots, and somatosensory terminals. In addition to standard offerings, Asensing provides customized solutions, particularly in the areas of UAV platforms and night vision technology. The company's advanced inertial and optoelectronic products enhance dynamic attitude measurement, motion control, and positioning algorithms, contributing to safer and more precise navigation systems.
GoMechanic
Series A in 2019
GoMechanic is an online car servicing platform that allows users to conveniently schedule car maintenance and repairs at their preferred times. The platform offers a range of services, including denting and painting, interior and exterior car care, washing, and cashless insurance repairs. By streamlining the car servicing process, GoMechanic aims to provide a hassle-free experience for vehicle owners, ensuring that they can maintain their cars with ease.
HoloMatic
Series A in 2018
HoloMatic is a startup focused on delivering autonomous driving solutions leveraging advanced artificial intelligence and automotive technologies. The company possesses a comprehensive suite of technologies essential for autonomous driving, including vehicle wire control, multi-sensor integration, and core algorithm modules. HoloMatic aims to facilitate mass production of these technologies, thereby promoting the industrialization of autonomous driving within the transportation sector. By providing innovative automated driving system technology, HoloMatic enables vehicle manufacturers to integrate sophisticated autonomous features into their products, contributing to the evolution of the automotive industry.
Leapmotor
Series A in 2018
Zhejiang Leapmotor Technology Co., Ltd. is a prominent electric vehicle manufacturer based in Hangzhou, China. Established in 2015, the company focuses on the design, research and development, and production of intelligent electric vehicles. Leapmotor is committed to advancing technologies related to intelligent driving, motor electronic control, battery systems, and cloud computing for vehicle networking solutions. The company benefits from significant investment by Zhejiang Dahua Technology Co., Ltd., which provides robust financial support and expertise in technology research, development, and quality management. Leapmotor prioritizes technological innovation and industrial design, aiming to enhance process quality in its operations.
Yunxi
Series A in 2018
Yunxi Technology Co., Ltd., established in 2016, is a Chinese enterprise specializing in big data and cloud-based marketing platforms. Headquartered in Guangzhou, with an additional office in Hangzhou, Yunxi caters to diverse industries such as real estate, fast-moving consumer goods, automotive, and retail chains. The company offers a comprehensive suite of services, including customer management, marketing management, data analysis, cloud management, omnichannel sales, and enterprise digital platforms. Yunxi's core technology, a "business + data" dual-center platform, drives enterprise digital transformation and empowers new retail business innovations. With over 600 employees, of which 85% are technical personnel, Yunxi has successfully implemented digital transformation for numerous domestic and foreign companies. The company has received strategic investments from international funds like Ginkgo Valley Capital and Sequoia Capital China Fund, and serves as a core partner of Alibaba Cloud Intelligent Ecology.
Tuhu
Series E in 2018
Tuhu is a prominent integrated online and offline platform for automotive services in China, catering to car owners' diverse needs through a customer-centric model. The company offers same-day or next-day delivery and installation of automobile after-sales products in over 260 cities across mainland China. Tuhu's services are accessible via its website, mobile app, call center, and third-party e-commerce platforms. By streamlining its supply chain and providing a digitalized, on-demand service experience, Tuhu effectively connects car owners, suppliers, and automotive service stores. Its platform accommodates a wide range of passenger vehicle models and fulfills various automotive service demands, including tire and chassis parts replacement, maintenance, repair, and detailing.
CARS24
Series C in 2018
CARS24 Services Pvt. Ltd. is a company based in Gurugram, India, specializing in the buying and selling of used cars. Founded in 2015, CARS24 operates as a subsidiary of Global Car Group and has developed a tech-enabled marketplace that transforms the process of selling pre-owned vehicles. The company offers car inspection and valuation services, utilizing an AI-driven pricing algorithm to provide accurate market and appraisal prices. This innovative approach facilitates secure and efficient transactions, enabling car owners to sell their vehicles at fair prices through a network of channel partners across various cities in India. Additionally, CARS24 offers vehicle lending products, expanding its services within the automotive finance sector.
Dadao
Series B in 2018
Car sharing platform
Leapmotor
Seed Round in 2018
Zhejiang Leapmotor Technology Co., Ltd. is a prominent electric vehicle manufacturer based in Hangzhou, China. Established in 2015, the company focuses on the design, research and development, and production of intelligent electric vehicles. Leapmotor is committed to advancing technologies related to intelligent driving, motor electronic control, battery systems, and cloud computing for vehicle networking solutions. The company benefits from significant investment by Zhejiang Dahua Technology Co., Ltd., which provides robust financial support and expertise in technology research, development, and quality management. Leapmotor prioritizes technological innovation and industrial design, aiming to enhance process quality in its operations.
LeCheBang
Series B in 2017
LeCheBang is a Chinese company founded in 2015 that specializes in designing and developing a mobile application for automobile maintenance and after-sale services. The platform caters to car owners by offering a comprehensive suite of services, which includes maintenance at authorized 4S shops, refueling, battery replacement, discounted car washes, and various other after-market services. By integrating these offerings into a user-friendly mobile app, LeCheBang aims to streamline the car maintenance process and enhance the overall ownership experience for its users.
CEAT
Post in 2017
CEAT Limited is a prominent manufacturer and seller of automotive tires, tubes, and flaps, operating primarily in India and extending its reach to international markets. Established in 1958 and headquartered in Mumbai, the company offers a wide range of products, including tires for motorcycles, scooters, cars, SUVs, light commercial vehicles, three-wheelers, farm vehicles, trailers, and trucks, as well as off-the-road and specialty tires. CEAT's diverse product portfolio is designed to meet various specifications, including ride comfort and noise reduction, while also complying with international standards. The company exports its products to approximately 100 countries, demonstrating its significant global presence. Formerly known as CEAT Tyres of India Limited, it adopted its current name in 1990, reflecting its evolution within the tire manufacturing industry.
Guazi
Series A in 2016
Guazi is an automotive dealer that offers new and used vehicles and accessories.
Nio
Series B in 2016
Nio is a Chinese electric vehicle manufacturer that designs, manufactures, and sells premium smart electric vehicles globally. Founded in 2014, Nio offers a range of SUVs with varying seating capacities, along with innovative charging solutions such as battery swapping services and mobile charging trucks. The company also provides value-added services like insurance packages, maintenance, and roadside assistance. Nio collaborates with industry leaders for autonomous driving technologies and manufactures its vehicles through strategic partnerships. As of 2023, Nio has sold over 160,000 electric vehicles in China alone, capturing approximately 2% of the market share for new energy passenger vehicles.
Ola
Series F in 2015
Ola operates a mobile technology platform that integrates city transportation for customers and driver partners in India. Its mobile application allows its customers to book a range of cabs, auto-rickshaws, bikes, and shuttle buses. Ola's mobile application allows customers to book city taxi, outstation travel, car rental, and corporate travel services. Its mobile application is available on Windows, Android, and iOS platforms. Ankit Bhati and Bhavish Aggarwal founded Ola on December 1, 2010. It has its headquarters with additional offices in Bengaluru in India.
QKM Technology
Series A in 2015
QKM Technology Co., Ltd., located in Dongguan, China, specializes in the research and development of advanced robotics solutions. Founded in 2011 by a team of Chinese graduates from overseas universities, the company aims to lead the global robotics market by providing superior products and services. QKM focuses on creating lightweight, high-performance robots, along with their accessories and system software. Its innovative offerings are positioned at the forefront of the robotics industry, reflecting the company's commitment to technological advancement and excellence in manufacturing for global enterprises.
Nio
Series A in 2015
Nio is a Chinese electric vehicle manufacturer that designs, manufactures, and sells premium smart electric vehicles globally. Founded in 2014, Nio offers a range of SUVs with varying seating capacities, along with innovative charging solutions such as battery swapping services and mobile charging trucks. The company also provides value-added services like insurance packages, maintenance, and roadside assistance. Nio collaborates with industry leaders for autonomous driving technologies and manufactures its vehicles through strategic partnerships. As of 2023, Nio has sold over 160,000 electric vehicles in China alone, capturing approximately 2% of the market share for new energy passenger vehicles.
Cheyipai
Series D in 2015
Cheyipai is a private e-commerce company based in Beijing, China, specializing in the online sale of used vehicles. Founded in 2009 by Wang Tiezhong and Yang Xuejian, Cheyipai operates an online-to-offline (O2O) model that facilitates the complete transaction process for buyers and sellers. The company also develops auction and trading platforms tailored for the automotive sector, offering a range of services including new and used car sales, financial technology, insurance, marketing, and business digital transformation solutions. As of April 3, 2018, Cheyipai functions as a subsidiary of Souche.com.
TuSimple
Angel Round in 2015
TuSimple is a self-driving truck company founded in 2015 and headquartered in San Diego, California. The company operates autonomous trucks primarily in Tucson, Arizona, and is focused on developing a fully autonomous driving solution for the logistics sector. TuSimple's technology enables trucks to drive from depot to depot without human intervention, aiming to enhance safety, reduce transportation costs, and lower carbon emissions. It has established the Autonomous Freight Network (AFN) through partnerships with shippers, carriers, railroads, and other stakeholders in the freight industry. TuSimple generates revenue by providing freight capacity services, with operations spanning across the U.S. and the Asia-Pacific region.
Zoomcar
Series A in 2014
Zoomcar is a leading car-sharing marketplace operating primarily in emerging markets, with over 20,000 cars available on its technology-driven platform across India, Southeast Asia, and Egypt. The company enables host entrepreneurs to share their vehicles safely and easily, generating additional passive income. Guests benefit from a wide range of affordable cars for memorable driving experiences. Founded in 2013 and based in Bengaluru, India, Zoomcar employs over 300 people and serves 50 cities across India, Indonesia, Vietnam, and Egypt. Uri Levine, co-founder of mobility companies Waze and Moovit, is the Chairman of the Board. The company's revenue comes mainly from short-term self-drive rentals and vehicle subscriptions, with a significant portion derived from its operations in India.
Ola
Series C in 2014
Ola operates a mobile technology platform that integrates city transportation for customers and driver partners in India. Its mobile application allows its customers to book a range of cabs, auto-rickshaws, bikes, and shuttle buses. Ola's mobile application allows customers to book city taxi, outstation travel, car rental, and corporate travel services. Its mobile application is available on Windows, Android, and iOS platforms. Ankit Bhati and Bhavish Aggarwal founded Ola on December 1, 2010. It has its headquarters with additional offices in Bengaluru in India.
Mobvoi
Series B in 2014
Mobvoi, also known as Chumenwenwen, is an artificial intelligence company headquartered in Beijing, China, founded in 2012. The company specializes in technologies related to Chinese language speech recognition, natural language processing, and vertical mobile search. Mobvoi develops a Chinese Smart Watch Operating System that integrates mobile intelligence voice search across platforms such as iOS, Android, Android Wear, Google Glass, and WeChat. The company's business is organized into two main segments: AI Software Solutions, which includes generative AI and enterprise solutions, and Smart Devices and Accessories. Mobvoi also has a strategic partnership with The Volkswagen Group, enhancing its presence in the automotive sector. The majority of Mobvoi's revenue is derived from its AI Software Solutions, positioning the company as a key player in the growing AI market.
Cheyipai
Series C in 2014
Cheyipai is a private e-commerce company based in Beijing, China, specializing in the online sale of used vehicles. Founded in 2009 by Wang Tiezhong and Yang Xuejian, Cheyipai operates an online-to-offline (O2O) model that facilitates the complete transaction process for buyers and sellers. The company also develops auction and trading platforms tailored for the automotive sector, offering a range of services including new and used car sales, financial technology, insurance, marketing, and business digital transformation solutions. As of April 3, 2018, Cheyipai functions as a subsidiary of Souche.com.
Souche
Series B in 2013
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."
Mobvoi
Series A in 2012
Mobvoi, also known as Chumenwenwen, is an artificial intelligence company headquartered in Beijing, China, founded in 2012. The company specializes in technologies related to Chinese language speech recognition, natural language processing, and vertical mobile search. Mobvoi develops a Chinese Smart Watch Operating System that integrates mobile intelligence voice search across platforms such as iOS, Android, Android Wear, Google Glass, and WeChat. The company's business is organized into two main segments: AI Software Solutions, which includes generative AI and enterprise solutions, and Smart Devices and Accessories. Mobvoi also has a strategic partnership with The Volkswagen Group, enhancing its presence in the automotive sector. The majority of Mobvoi's revenue is derived from its AI Software Solutions, positioning the company as a key player in the growing AI market.
GlobalLogic
Series C in 2008
GlobalLogic is a product development services company that specializes in chip-to-cloud software engineering. Founded in 2000 and headquartered in San Jose, California, it offers full-lifecycle services across various industries, including telecommunications, automotive, healthcare, media and entertainment, manufacturing, and semiconductors. The company integrates design, complex engineering, and agile delivery capabilities to assist clients in designing, building, and delivering next-generation products and digital experiences. With engineering centers and design studios located worldwide, GlobalLogic leverages its global presence to enhance business outcomes for its customers.
GlobalLogic
Series B in 2006
GlobalLogic is a product development services company that specializes in chip-to-cloud software engineering. Founded in 2000 and headquartered in San Jose, California, it offers full-lifecycle services across various industries, including telecommunications, automotive, healthcare, media and entertainment, manufacturing, and semiconductors. The company integrates design, complex engineering, and agile delivery capabilities to assist clients in designing, building, and delivering next-generation products and digital experiences. With engineering centers and design studios located worldwide, GlobalLogic leverages its global presence to enhance business outcomes for its customers.
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