Jidu Auto Valuation, Funding & Investors

Jidu Auto is valued at $2B as of January 2022.

Last Jidu Auto valuation

$2B

Series A · Jan 2022

Last Jidu Auto funding round

$400M

Series A · Jan 2022

Cumulative funding Jidu Auto raised

$403M

across 2 funding rounds

Key investors in Jidu Auto

Jidu Auto Overview

About Jidu Auto

Jidu Auto is a Beijing-headquartered electric vehicle manufacturer founded in 2021 as a joint venture between Baidu and Geely. The company produces Robocar models integrating Baidu's Apollo autonomous driving tech with Geely's EV platforms, targeting Level 4 self-driving capabilities for urban mobility.


Founded

2021

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$2B (Jan 2022)

Jidu Auto Valuation

Jidu Auto is currently valued at $2B, based on its Series A in January 2022.

The $400M round included Baidu and Geely Auto.

Jidu Auto's valuation has moved from $2B at its seed round in March 2021 to $2B in January 2022, across 2 priced rounds.

Jidu Auto valuation by funding round

Jidu Auto valuation by funding round
DateStageValuation
Jan 2022Series A$2B
Mar 2021Seed$2B

Jidu Auto Funding History

Jidu Auto has raised a total of $403M across 2 funding rounds.

Jidu Auto's first fundraising round was a $3M seed round in March 2021. The most recent completed round was a $400M Series A in January 2022.

Jidu Auto funding rounds

Jidu Auto funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2022Series ABaidu; Geely Auto$400M$2BJidu Auto is a joint venture between Baidu and Geely Auto, established in March 2021 with initial RMB 2 billion ($316 million) capital, where Baidu holds 55% and Geely 45%. The company focuses on developing electric vehicles with advanced autonomous driving capabilities, leveraging Baidu's AI and self-driving technology alongside Geely's Sustainable Experience Architecture (SEA) platform for manufacturing. On January 26, 2022, Jidu completed a Series A round raising nearly $400 million (approximately RMB 2.5 billion) exclusively from Baidu and Geely, who increased their stakes to accelerate R&D, unveil a concept robocar at the Beijing auto show in April 2022, and launch mass production in 2023. Proceeds targeted enhancing autonomous driving (Level 4 capabilities tested in nine months via simulation), smart cockpits, and production processes. Jidu positions its first production model as a mid-size SUV competing with Tesla Model Y at around 200,000 yuan ($29,680), emphasizing 'automotive robots' with superior intelligence. Jidu emerged amid China's booming EV sector, where tech giants like Baidu partner with automakers to disrupt traditional players. Baidu brings autonomous driving expertise from its Apollo unit and ride-hailing services, while Geely contributes manufacturing scale via brands like Zeekr. The venture held its ROBODAY in June 2022 unveiling the ROBO-01 concept, with the production version 90% similar. Later in 2022, Jidu sought additional $300-400 million at $3.5 billion valuation, indicating rapid growth ambitions in a competitive landscape with Nio, XPeng, and Tesla.
Mar 2021Seed-$3M$2BJidu Auto, Baidu's intelligent electric vehicle arm co-founded with Geely, closed a nearly $400 million Series A funding round on January 22, 2021, from Baidu and Geely. In this round, Jidu sought a valuation of up to $2 billion. Prior to the Series A, Jidu received more than $300 million in startup funding upon its founding on March 2, 2021. Baidu and Geely owned approximately 53.2-55% and 45% stakes respectively before the round. The funding supports acceleration of development and mass production of Jidu's first robotaxi vehicle, a mid-size SUV competing with Tesla Model Y, based on Geely's SEA platform and Baidu's autonomous driving technology. Jidu unveiled the ROBO-01 concept at its inaugural ROBODAY on June 8, 2021, with mass-produced models planned for 2023.

Who has invested in Jidu Auto?

2 investors have backed Jidu Auto across its funding rounds, including Baidu and Geely Auto.


Jidu Auto Investors

Investors in Jidu Auto by funding rounds participated
InvestorHQRoundsRoleFirst check

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Jidu Auto Competitors

Jidu Auto competitors include listed companies like Voyah and Einride, and private ones like Rimac Group, BYTON, Zhizi Automobile and Youxia Motors.

Public and private companies comparable to Jidu Auto
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Rimac GroupCroatiaZagrebPrivate$385M-$2.3B6.0x
BYTONChinaNanjingPrivate--$2.5B-
Zhizi AutomobileChinaHefeiPrivate--$3.3B-
Youxia MotorsChinaShanghaiPrivate--$3.4B-
VoyahChinaChinaPublicly listed$5.2B$562M$883M0.1x
EinrideSwedenSwedenPublicly listed$47M($93M)$570M-

Jidu Auto Public Comps

Jidu Auto is still privately-owned, but its public comps include NFI Group, Blue Bird Corp., Fastned, WeRide, Ola Electric, Lucid, Sanlorenzo, Eos Energy Enterprises, Amprius and Harley-Davidson.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
NFI Group$3.6B$96M0.9x0.8x32.7x8.1x
Blue Bird Corp.$1.5B$186M1.3x1.1x10.3x7.9x
Fastned$160M$17M14.5x11.1x140.0x60.5x
WeRide$102M($257M)11.4x8.3x(4.5x)(5.0x)
Ola Electric$215M($97M)8.8x7.9x(19.5x)(21.4x)
Lucid$1.4B($2.3B)5.5x4.7x(3.2x)(2.6x)
Sanlorenzo$1.3B$211M1.1x1.2x7.0x6.9x
Eos Energy Enterprises$114M($930M)21.8x9.9x(2.7x)(9.5x)

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Common questions about Jidu Auto

When was Jidu Auto founded?Jidu Auto was founded in 2021.
Where is Jidu Auto headquartered?Jidu Auto is headquartered in Shanghai, China.
Is Jidu Auto publicly listed?No, Jidu Auto is a private, VC-backed company.
What is Jidu Auto's valuation?Jidu Auto was last valued at $2B in its Series A in January 2022.
How much funding has Jidu Auto raised?Jidu Auto has raised $403M across 2 funding rounds.
What was Jidu Auto's last funding round?Jidu Auto's last funding round was a $400M Series A in January 2022.
Who are Jidu Auto's investors?Jidu Auto's investors include Baidu and Geely Auto.
Which companies are comparable to Jidu Auto?Companies comparable to Jidu Auto include Rimac Group, BYTON, Zhizi Automobile, Youxia Motors, Voyah and Einride.

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