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- Megatronix
Megatronix Revenue, Valuation, Funding & Investors
Megatronix is valued at $930M as of May 2021, a 4.2x multiple on its last reported $219M revenue.
Last Megatronix valuation
$930M
Series C · May 2021
Last Megatronix funding round
$16M
Series C · May 2021
Megatronix revenue
$219M
Series C · May 2021
Key investors in Megatronix
Nanshan Capital
Redpoint Ventures China
Hike Capital
Greater Bay Area Homeland Development Fund
Transcendent Capital
Megatronix Overview
About Megatronix
Megatronix is a Chinese automotive software developer supplying operating systems, domain controllers, and cloud platforms for intelligent vehicles. Headquartered in Shenzhen, the company provides SmartMega OS for digital cockpits, T-Box telematics, and gateways integrating ADAS features with vehicle-to-cloud communication. Megatronix customizes software stacks for OEMs supporting over-the-air updates and multi-screen interfaces.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing, Subscription
Revenue
$219M (May 2021)
Valuation
$930M (May 2021)
Megatronix Valuation
Megatronix is currently valued at $930M, based on its Series C in May 2021.
The $16M round was led by Transcendent Capital, with participation from Greater Bay Area Homeland Development Fund, Nanshan Capital, Hike Capital and Redpoint Ventures China.
Megatronix valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2021 | Series C | $930M | 4.2x |
Megatronix Revenue
Megatronix's latest recorded revenue is $219M, as of its Series C in May 2021. At a $930M valuation, that implies a 4.2x revenue multiple.
Megatronix revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2021 | $219M | $930M | 4.2x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Megatronix Funding History
Megatronix has raised a total of $26M across 2 funding rounds.
Megatronix's first fundraising round was a $10M Series B in June 2020. The most recent completed round was a $16M Series C in May 2021.
Megatronix funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2021 | Series C | Transcendent Capital (lead); Greater Bay Area Homeland Development Fund; Nanshan Capital; Hike Capital; Redpoint Ventures China | $16M | $930M | Megatronix Inc. is a Chinese vehicle intelligence company specializing in integrated intelligent cockpit and domain control solutions for automakers. The company was founded by Tsinghua graduate Zhuang Li, who previously worked at NIO. In May 2021, Megatronix received $100 million in financing from investors including Transcendence Capital, Greater Bay Area Common Home Development Fund, Nanshan Capital, Redpoint China, and HIKE Capital. By the time of its Hong Kong Stock Exchange IPO filing, the company had achieved significant revenue growth, generating 1.513 billion yuan in 2023 and 1.42 billion yuan in 2024, though it remained unprofitable with cumulative net losses exceeding 1 billion yuan across 2022–2024. Pre-IPO, Megatronix was valued at $930 million, with founder Zhuang Li holding a 53.2% controlling stake through an overseas family trust. |
| Jun 2020 | Series B | Nanshan Capital (lead) | $10M | - | - |
Who has invested in Megatronix?
5 investors have backed Megatronix across its funding rounds, including Nanshan Capital, Redpoint Ventures China, Hike Capital, Greater Bay Area Homeland Development Fund and Transcendent Capital.
Lead investors include Transcendent Capital and Nanshan Capital.
Megatronix Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2020 | ||
| 1 | Participant | May 2021 | ||
| 1 | Lead | May 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMegatronix Competitors
Megatronix competitors include listed companies like Qiming Information, Vitec Software, Aeva and Pinewood Technologies, and private ones like Luminar and Dazhongkanche.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $115M | $14M | $952M | - | ||
| Private | $13M | - | $900M | 69.2x | ||
| Publicly listed | $371M | $151M | $1B | 3.5x | ||
| Publicly listed | $18M | ($139M) | $1.1B | 35.6x | ||
| Private | - | - | $735M | - | ||
| Publicly listed | $54M | $22M | $706M | 12.1x |
Megatronix Public Comps
Megatronix is still privately-owned, but its public comps include Qiming Information, Yonyou Auto Info Tech, Vitec Software, Aeva, Pinewood Technologies, Alfa Financial Software, Zwsoft, Broadleaf, DSC Holdings and Cerence.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $115M | $14M | 7.4x | - | 62.4x | - | |||
| $76M | $6M | 10.9x | - | 150.4x | - | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $18M | ($139M) | 54.7x | 35.6x | (7.1x) | (8.7x) | |||
| $54M | $22M | 12.2x | 12.1x | 30.1x | 29.9x | |||
| $170M | $58M | 3.5x | 3.4x | 10.3x | 10.4x | |||
| $133M | $12M | 7.4x | 6.9x | 79.9x | 49.1x | |||
| $134M | $34M | 4.3x | 4.1x | 17.2x | - | |||
This data is available for Pro users. Sign up to see all Megatronix competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Megatronix
| When was Megatronix founded? | Megatronix was founded in 2018. |
| Where is Megatronix headquartered? | Megatronix is headquartered in Beijing, China. |
| Is Megatronix publicly listed? | No, Megatronix is a private, VC-backed company. |
| What is Megatronix's valuation? | Megatronix was last valued at $930M in its Series C in May 2021. |
| How much funding has Megatronix raised? | Megatronix has raised $26M across 2 funding rounds. |
| What was Megatronix's last funding round? | Megatronix's last funding round was a $16M Series C in May 2021, led by Transcendent Capital. |
| Who are Megatronix's investors? | Megatronix's investors include Nanshan Capital, Greater Bay Area Homeland Development Fund, Transcendent Capital, Hike Capital and Redpoint Ventures China. |
| What is Megatronix's revenue? | Megatronix's latest recorded revenue is $219M (May 2021). |
| What is Megatronix's revenue multiple? | Megatronix's latest valuation implies a 4.2x revenue multiple ($930M valuation on $219M of revenue). |
| Which companies are comparable to Megatronix? | Companies comparable to Megatronix include Qiming Information, Luminar, Vitec Software, Aeva, Dazhongkanche and Pinewood Technologies. |
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