AutoX Valuation, Funding & Investors

AutoX is valued at $132M as of October 2017.

See full AutoX profile

Last AutoX valuation

$132M

Series A · Oct 2017

Last AutoX funding round

$115M

Series B · Jun 2021

Cumulative funding AutoX raised

$277M

across 5 funding rounds

Key investors in AutoX

  • New Enterprise Associates
  • Plug and Play
  • Forest Partners
  • NEXON
  • Dongfeng Motor Group Co
  • MediaTek Ventures

AutoX Overview

About AutoX

AutoX is an autonomous driving technology company headquartered in San Jose, California, founded in 2016 to develop fully driverless vehicles. It builds camera-first self-driving systems and Level 4 robotaxi services for passenger transportation, competing with players such as Waymo, Cruise, and Aurora in the autonomous vehicle market. The company has advanced to driverless testing permits in California and has partnered with suppliers such as Arbe Robotics on radar technology for its vehicles.


Founded

2016

HQ

United StatesUnited States

Website

autox.ai

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$132M (Oct 2017)

AutoX Valuation

AutoX is currently valued at $132M, based on its Series A in October 2017.

The $51M round was led by MediaTek Ventures.

AutoX valuation by funding round

AutoX valuation by funding round
DateStageValuation
Oct 2017Series A$132M

AutoX Funding History

AutoX has raised a total of $277M across 5 funding rounds.

AutoX's first fundraising round was a $2M pre-seed round in August 2016. The most recent completed round was a $115M Series B in June 2021.

AutoX funding rounds

AutoX funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2021Series BNEXON (lead); Forest Partners$115M-AutoX is an American autonomous driving company founded and headquartered in San Jose, California, focused on developing fully driverless cars to 'Democratize Autonomy'. The company employs 201-500 people and emphasizes solving engineering challenges for driverless technology. The company has raised a total of approximately $140M over 8 rounds, with its latest round being Series A - IV on January 20, 2020 from Hongzhao Fund, Chaoshan Capital, and undisclosed investors. A specific $115M funding round occurred on June 1, 2021, from Nexon (lead) and Forest Partners. Earlier rounds include Series A - II on November 24, 2017 with a post-money valuation of $131.78M, Series A - III on April 10, 2019, and Incubator/Accelerator - II on December 5, 2019. AutoX has 15 investors in total. AutoX is positioned in the competitive autonomous vehicle space, with a portfolio exit and one investment noted, currently showing 'Acq - Pending' status.
Sep 2019Series ADongfeng Motor Group Co (lead); Philip Morris (lead); Sinarmas (lead); Plug and Play$100M-AutoX raised $100M in a Series A round on September 16, 2019, with investors including Dongfeng Motor Group, Philip Morris, Sinarmas, and Plug and Play, as specified in the query matching search result details. The company is a self-driving car startup developing camera-first autonomous driving technology for robotaxis and location-based services. The firm operates in Silicon Valley, focusing on AI, computer vision, robotics, and transportation sectors. In July 2019, AutoX partnered with NEVS, the Swedish electric vehicle manufacturer that acquired Saab's assets, to launch a robotaxi pilot in Europe by the end of 2020.
Oct 2017Series AMediaTek Ventures (lead)$51M$132MAutoX is an autonomous driving technology company founded in 2016, headquartered in San Jose, California, developing Level 4 robotaxi services and self-driving systems for passenger vehicles. The company has raised over $140M across 8 funding rounds from 15 investors, including MediaTek, Dongfeng Motor, and Plug and Play Tech Center. AutoX received early funding from VC firms like Capital Today and MediaTek of Taiwan in 2017. AutoX operates in a competitive autonomous vehicle market alongside Waymo, Aurora, Cruise, and Argo AI, with 57 employees as of December 2022. The company has advanced to driverless testing permits in California and partnerships like with Arbe Robotics for high-resolution radars.
Oct 2016SeedNew Enterprise Associates$9M--
Aug 2016Pre-seed-$2M--

Who has invested in AutoX?

8 investors have backed AutoX across its funding rounds, including New Enterprise Associates, Plug and Play, Forest Partners, NEXON, Dongfeng Motor Group Co and MediaTek Ventures.

Lead investors include NEXON, Dongfeng Motor Group Co, Philip Morris, Sinarmas and MediaTek Ventures.


AutoX Investors

Investors in AutoX by funding rounds participated
InvestorHQRoundsRoleFirst check
Plug and PlayUnited StatesSan Francisco, CA1ParticipantSep 2019
Forest PartnersSouth KoreaSeoul1ParticipantJun 2021
New Enterprise AssociatesUnited StatesSan Francisco, CA1ParticipantOct 2016
Dongfeng Motor Group CoChinaWuhan1LeadSep 2019
NEXONJapanTokyo1LeadJun 2021
MediaTek VenturesTaiwanHsinchu1LeadOct 2017

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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AutoX Competitors

AutoX competitors include listed companies like Digital Currency X and MIC Electronics, and private ones like NEXT Future Transportation, Regent, City Transformer and Riversimple.

Public and private companies comparable to AutoX
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NEXT Future TransportationUnited StatesSan Jose, CAPrivate--$91M-
RegentUnited StatesProvidence, RIPrivate$5M-$120M24.0x
City TransformerIsraelTel AvivPrivate--$110M-
RiversimpleUnited KingdomUnited KingdomPrivate--$98M-
Digital Currency XChinaChinaPublicly listed-$71M$155M-
MIC ElectronicsIndiaIndiaPublicly listed$17M$3M$105M-

AutoX Public Comps

AutoX is still privately-owned, but its public comps include WLM, Minieye Technology, Saean Group, Digital Currency X, Kudan, MIC Electronics, Vertical Aerospace, Niu Technologies, Xtract One Technologies and Innoviz.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
WLM$586M$38M0.3x-5.2x-
Minieye Technology$113M($57M)0.5x0.3x(0.9x)(1.4x)
Saean Group------
Digital Currency X-$71M--2.2x-
Kudan$8M($1M)12.1x13.3x(79.7x)-
MIC Electronics$17M$3M6.3x-41.7x-
Vertical Aerospace-($140M)--(1.2x)(1.0x)
Niu Technologies$642M$4M0.1x0.1x10.4x(2.6x)

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Common questions about AutoX

When was AutoX founded?AutoX was founded in 2016.
Where is AutoX headquartered?AutoX is headquartered in United States.
Is AutoX publicly listed?No, AutoX is a private, VC-backed company.
What is AutoX's valuation?AutoX was last valued at $132M in its Series A in October 2017.
How much funding has AutoX raised?AutoX has raised $277M across 5 funding rounds.
What was AutoX's last funding round?AutoX's last funding round was a $115M Series B in June 2021, led by NEXON.
Who are AutoX's investors?AutoX's investors include Plug and Play, Forest Partners, New Enterprise Associates, Dongfeng Motor Group Co, NEXON, MediaTek Ventures, Sinarmas and Philip Morris.
Which companies are comparable to AutoX?Companies comparable to AutoX include NEXT Future Transportation, Regent, City Transformer, Riversimple, Digital Currency X and MIC Electronics.

See companies similar to AutoX

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