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- Mogu Zhixing
Mogu Zhixing Funding, Investors & Competitors
Mogu Zhixing has raised $203M across 2 funding rounds, most recently a $83M Series C in May 2023.
Last Mogu Zhixing funding round
$83M
Series C · May 2023
Cumulative funding Mogu Zhixing raised
$203M
across 2 funding rounds
Key investors in Mogu Zhixing
Tencent
BAI capital
JD.com
Chengdu Science and Technology Venture Capital
Zhuhai Science & Technology Venture Capital
Yixin Group
Mogu Zhixing Overview
About Mogu Zhixing
Mogu Zhixing is a Beijing-launched SaaS platform from November 2017 providing connected car services including real-time vehicle tracking, route analytics, maintenance scheduling, and ADAS integrations. Its hardware-plus-OS model equips fleets in China with telematics for logistics and ride-hailing operators.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Mogu Zhixing Funding History
Mogu Zhixing has raised a total of $203M across 2 funding rounds.
Mogu Zhixing's first fundraising round was a $120M Series A in February 2019. The most recent completed round was a $83M Series C in May 2023.
Mogu Zhixing funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2023 | Series C | Yixin Group; Tencent; Zhuhai Science & Technology Venture Capital; Chengdu Science and Technology Venture Capital | $83M | - |
| Feb 2019 | Series A | Tencent (lead); JD.com; BAI capital | $120M | Mogu Zhixing is a China-based developer of in-car connected technology and IoT-enabled automobile services, offering systems that use internet-of-things for vehicle location, tracking, travel data access, and automotive repair and maintenance services. The startup's team includes alumni from Tencent, Baidu, Microsoft, Huawei, and BMW. The company raised $120 million in a Tencent-led Series A round on or around February 1, 2019, with participation from JD.com, Bertelsmann Asia Investments, and possibly Yixin. Tencent acted as the lead investor, aligning with its broader mobility investments, including a $150 million joint venture with GAC and Guangzhou Public Transport Group. |
Who has invested in Mogu Zhixing?
6 investors have backed Mogu Zhixing across its funding rounds, including Tencent, BAI capital, JD.com, Chengdu Science and Technology Venture Capital, Zhuhai Science & Technology Venture Capital and Yixin Group.
Lead investors include Tencent.
Mogu Zhixing Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Feb 2019 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Feb 2019 | ||
| 1 | Participant | May 2023 | ||
This data is available for Pro users. Sign up to see all 6 Mogu Zhixing investors. Start Free Trial | ||||
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 TrialMogu Zhixing Competitors
Mogu Zhixing competitors include listed companies like Dassault Systemes and Argo, and private ones like Peregrine.ai, GO, Gatik and Glydways.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.2B | $2.2B | $32B | 4.0x | ||
| Publicly listed | $2M | ($10M) | $66M | - | ||
| Private | $30M | - | $2.5B | 83.3x | ||
| Private | - | - | $985M | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $700M | - |
Mogu Zhixing Public Comps
Mogu Zhixing is still privately-owned, but its public comps include Autodesk, Constellation Software, Roper Technologies, Dassault Systemes, Manhattan Associates, Full Truck Alliance, WiseTech Global, Zhuzhou CRRC Times, Descartes Systems Group and WEX.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.2B | $1.8B | 6.3x | 5.7x | 25.6x | 14.1x | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $7.9B | $3.2B | 6.1x | 5.7x | 15.2x | 14.6x | |||
| $7.2B | $2.2B | 4.0x | 4.0x | 13.2x | 11.2x | |||
| $1.1B | $288M | 11.2x | 10.6x | 42.2x | 29.7x | |||
| $1.9B | $676M | 2.8x | 2.8x | 7.6x | 6.9x | |||
| $779M | $315M | 12.3x | 6.8x | 30.5x | 14.4x | |||
| $4.3B | $710M | 1.9x | 1.8x | 11.2x | 8.5x | |||
This data is available for Pro users. Sign up to see all Mogu Zhixing competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mogu Zhixing
| When was Mogu Zhixing founded? | Mogu Zhixing was founded in 2017. |
| Where is Mogu Zhixing headquartered? | Mogu Zhixing is headquartered in Tianjin, China. |
| Is Mogu Zhixing publicly listed? | No, Mogu Zhixing is a private, VC-backed company. |
| How much funding has Mogu Zhixing raised? | Mogu Zhixing has raised $203M across 2 funding rounds. |
| What was Mogu Zhixing's last funding round? | Mogu Zhixing's last funding round was a $83M Series C in May 2023. |
| Who are Mogu Zhixing's investors? | Mogu Zhixing's investors include Tencent, Yixin Group, JD.com, Zhuhai Science & Technology Venture Capital, BAI capital and Chengdu Science and Technology Venture Capital. |
| Which companies are comparable to Mogu Zhixing? | Companies comparable to Mogu Zhixing include Dassault Systemes, Argo, Peregrine.ai, GO, Gatik and Glydways. |
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