Haomo.AI Valuation, Funding & Investors

Haomo.AI is valued at $1B as of December 2021.

Last Haomo.AI valuation

$1B

Series A · Dec 2021

Last Haomo.AI funding round

$42M

Series B · Apr 2024

Cumulative funding Haomo.AI raised

$212M

across 3 funding rounds

Key investors in Haomo.AI

Haomo.AI Overview

About Haomo.AI

Haomo.AI is a Beijing-headquartered autonomous driving technology company, formerly Haomo Zhixing. It develops NOA systems deployed in vehicles from partners like Changan Automobile and GAC Aion. Haomo.AI's solutions include perception software, mapping, and planning algorithms for L2+ to L4 autonomy levels tested on public roads across China.


Founded

2015

HQ

ChinaBeijing

Website

haomo.ai

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Valuation

$1B (Dec 2021)

Haomo.AI Valuation

Haomo.AI is currently valued at $1B, based on its Series A in December 2021.

The $157M round was led by Qualcomm Ventures, with participation from JZ Capital Partners, GL Ventures LLC, Meituan, Hillhouse Investment and Shoucheng Holdings.

Haomo.AI valuation by funding round

Haomo.AI valuation by funding round
DateStageValuation
Dec 2021Series A$1B

Haomo.AI Funding History

Haomo.AI has raised a total of $212M across 3 funding rounds.

Haomo.AI's first fundraising round was a $157M Series A in December 2021. The most recent completed round was a $42M Series B in April 2024.

Haomo.AI funding rounds

Haomo.AI funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2024Series BJiuzhi Ziben (lead)$42M-Haomo.AI, a Beijing-based autonomous driving startup backed by Great Wall Motor since 2019, develops advanced driver assistance systems (ADAS) and Level 4 solutions for passenger cars and logistics vehicles. Its HPilot ADAS is equipped in over 20 vehicle models, accumulating nearly 140 million kilometers of driving in China. Products like HP170, HP370, and HP570, priced between CNY 3,000 and 8,900, target mass production in 2024 with high cost-effectiveness. On April 23, 2024, Haomo.AI raised RMB 300 million ($41 million) in its Series B2 round from a new fund by existing investor JZ Capital (Jiuzhi Ziben) and Changxing government in Huzhou, Zhejiang. Proceeds will fund R&D in large models, computing power, big data, and in-house cognitive products to strengthen mass-produced autonomous driving leadership. This follows a Series B1 round of over RMB 100 million in February 2024 from Chengdu Wufa Private Equity. Haomo operates Level 4 autonomous vans delivering nearly 300,000 grocery orders for Beijing supermarkets as of February 2024. It predicts 70% ADAS penetration in Chinese passenger cars by 2025. Past investors include Meituan, Qualcomm Ventures, and others, with total equity funding over $200 million per ITJuzi. The round reflects scarce large investments in China's autonomous driving amid economic challenges, contrasting 2023's single RMB 300 million raise by HoloMatic. Haomo emphasizes DriveGPT, an industry-first generative AI large model for autonomous driving.
Feb 2024Series BWuhou State Investment Group (lead)$14M-Haomo.AI is a Beijing-based autonomous driving technology company backed by Great Wall Motor, specializing in mass-produced ADAS solutions like HPilot and Level 4 self-driving for logistics. Its HPilot system was installed in over 20 passenger vehicle models, with users accumulating over 120 million kilometers of assisted driving as of February 2024. The company also offers cost-effective products such as HP170, HP370, and HP570, and its Xiaomotuo delivery vehicle has completed nearly 300,000 orders across scenarios like express delivery and security inspection. In February 2024, Haomo.AI raised over RMB 100 million ($13.9-14 million) in its Series B1 funding round from Chengdu Wufa Private Equity Fund Management Co., Ltd., a firm backed by Chengdu's Wuhou district government. The sole investor led the round, with proceeds allocated to R&D on AI-powered autonomous driving technologies, including the Haomo large model, and to support robotics deployment in Wuhou for sanitation, security, and other applications, positioning it as a robotics demonstration zone. Haomo.AI plans to accelerate commercialization of autonomous driving, enhance its data intelligence system, and expand cost-effective ADAS penetration, expecting 70% adoption in Chinese passenger vehicles by 2025. This round followed a funding slowdown in the sector and preceded a Series B2 raise of RMB 300 million in April 2024 from JZ Capital and Changxing government funds.
Dec 2021Series AQualcomm Ventures (lead); JZ Capital Partners; GL Ventures LLC; Meituan; Hillhouse Investment; Shoucheng Holdings$157M$1BHaomo.AI is a Chinese autonomous driving technology startup founded as an offshoot of Great Wall Motor, controlled by the automaker's Chairman Wei Jianjun. The company develops Level 2 semi-autonomous driving systems that require human supervision, as well as Level 4 fully autonomous logistics vehicles for delivery applications in partnership with Meituan. In December 2021, Haomo.AI raised approximately CNY 1 billion (US$157 million) in its Series A funding round, backed by investors including Qualcomm Ventures, GL Ventures (Hillhouse Capital's early-stage unit), Meituan, JZ Capital, and Hong Kong-listed Shoucheng Holdings. The round valued the Beijing-based company at over US$1 billion, achieving unicorn status. The company planned to use the capital to expand its research and development capabilities and grow its talent pool. At the time of the funding, Haomo.AI's Level 2 autonomous driving system was available in five Great Wall Motor vehicle models, with expectations to reach 34 models by end of 2022 and one million vehicles equipped with its autonomous driving products within three years. The company also operated a 5,000 square meter manufacturing facility in Baoding, Hebei province for producing Level 4 autonomous logistics vehicles.

Who has invested in Haomo.AI?

8 investors have backed Haomo.AI across its funding rounds, including Qualcomm Ventures, Hillhouse Investment, GL Ventures LLC, Meituan, Jiuzhi Ziben and Shoucheng Holdings.

Lead investors include Jiuzhi Ziben, Wuhou State Investment Group and Qualcomm Ventures.


Haomo.AI Investors

Investors in Haomo.AI by funding rounds participated
InvestorHQRoundsRoleFirst check
Jiuzhi Ziben--1LeadApr 2024
JZ Capital PartnersUnited KingdomLondon1ParticipantDec 2021
Qualcomm VenturesUnited StatesSan Diego, CA1LeadDec 2021
Wuhou State Investment GroupChinaChengdu1LeadFeb 2024
GL Ventures LLCChinaBeijing1ParticipantDec 2021
MeituanChinaBeijing1ParticipantDec 2021

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Haomo.AI Competitors

Haomo.AI competitors include listed companies like Cidi and Kodiak AI, and private ones like Deeproute, Innovusion, Roadstar.ai and Banma Network Technologies.

Public and private companies comparable to Haomo.AI
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DeeprouteChinaShenzhenPrivate--$600M-
InnovusionUnited StatesSan Francisco, CAPrivate--$1.2B-
CidiChinaChinaPublicly listed$132M($155M)$1.3B5.0x
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$768M98.7x
Roadstar.aiChinaShenzhenPrivate--$600M-
Banma Network TechnologiesChinaShanghaiPrivate$125M-$1B8.0x

Haomo.AI Public Comps

Haomo.AI is still privately-owned, but its public comps include Appier Group, Rackspace, Extreme Vision, Robosense, Rezolve AI, Aeva, Red Cat Holdings, Beijing CTJ Info Tech, Droneshield and Kodiak AI.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
Extreme Vision$44M($6M)22.8x11.6x(163.7x)-
Robosense$289M($19M)2.1x1.6x(31.9x)(52.9x)
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Aeva$18M($139M)54.7x35.6x(7.1x)(8.7x)
Red Cat Holdings$41M($72M)19.0x6.6x(10.7x)(8.8x)
Beijing CTJ Info Tech$123M$13M5.3x4.9x51.3x34.6x

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Common questions about Haomo.AI

When was Haomo.AI founded?Haomo.AI was founded in 2015.
Where is Haomo.AI headquartered?Haomo.AI is headquartered in Beijing, China.
Is Haomo.AI publicly listed?No, Haomo.AI is a private, VC-backed company.
What is Haomo.AI's valuation?Haomo.AI was last valued at $1B in its Series A in December 2021.
How much funding has Haomo.AI raised?Haomo.AI has raised $212M across 3 funding rounds.
What was Haomo.AI's last funding round?Haomo.AI's last funding round was a $42M Series B in April 2024, led by Jiuzhi Ziben.
Who are Haomo.AI's investors?Haomo.AI's investors include Jiuzhi Ziben, JZ Capital Partners, Qualcomm Ventures, Wuhou State Investment Group, GL Ventures LLC, Meituan, Hillhouse Investment and Shoucheng Holdings.
Which companies are comparable to Haomo.AI?Companies comparable to Haomo.AI include Deeproute, Innovusion, Cidi, Kodiak AI, Roadstar.ai and Banma Network Technologies.

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