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

ChinaTianjin

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

Mogu Zhixing funding rounds
DateStageInvestorsRaisedDeal Summary
May 2023Series CYixin Group; Tencent; Zhuhai Science & Technology Venture Capital; Chengdu Science and Technology Venture Capital$83M-
Feb 2019Series ATencent (lead); JD.com; BAI capital$120MMogu 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

Investors in Mogu Zhixing by funding rounds participated
InvestorHQRoundsRoleFirst check
TencentChinaShenzhen2LeadFeb 2019
Yixin GroupChinaShanghai1ParticipantMay 2023
JD.comChinaBeijing1ParticipantFeb 2019
Zhuhai Science & Technology Venture CapitalChinaZhuhai1ParticipantMay 2023

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Mogu Zhixing Competitors

Mogu Zhixing competitors include listed companies like Dassault Systemes and Argo, and private ones like Peregrine.ai, GO, Gatik and Glydways.

Public and private companies comparable to Mogu Zhixing
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Dassault SystemesFranceFrancePublicly listed$7.2B$2.2B$32B4.0x
ArgoCanadaCanadaPublicly listed$2M($10M)$66M-
Peregrine.aiGermanyBerlinPrivate$30M-$2.5B83.3x
GOJapanTokyoPrivate--$985M-
GatikUnited StatesSan Francisco, CAPrivate--$700M-
GlydwaysUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Autodesk$7.2B$1.8B6.3x5.7x25.6x14.1x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
Roper Technologies$7.9B$3.2B6.1x5.7x15.2x14.6x
Dassault Systemes$7.2B$2.2B4.0x4.0x13.2x11.2x
Manhattan Associates$1.1B$288M11.2x10.6x42.2x29.7x
Full Truck Alliance$1.9B$676M2.8x2.8x7.6x6.9x
WiseTech Global$779M$315M12.3x6.8x30.5x14.4x
Zhuzhou CRRC Times$4.3B$710M1.9x1.8x11.2x8.5x

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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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