Roadstar.ai Valuation, Funding & Investors

Roadstar.ai is valued at $600M as of December 2018.

Last Roadstar.ai valuation

$600M

Secondary · Dec 2018

Last Roadstar.ai funding round

$128M

Series A · May 2018

Cumulative funding Roadstar.ai raised

$128M

across 1 funding round

Key investors in Roadstar.ai

  • Shenzhen Capital Group
  • Yunqi Partners
  • Vision Plus Capital
  • CMB International Capital Corporation
  • Wu Capital

Roadstar.ai Overview

About Roadstar.ai

Roadstar.ai is a San Francisco-headquartered and Shenzhen-based autonomous driving technology company. The company develops AI software and hardware for self-driving cars and trucks, integrating perception, planning, and control systems. Roadstar.ai has tested prototypes on public roads in California and China while partnering with OEMs for Level 4 autonomy deployments.


Founded

2017

HQ

ChinaShenzhen

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Valuation

$600M (Dec 2018)

Roadstar.ai Valuation

Roadstar.ai is currently valued at $600M, based on its secondary sale in December 2018.

Roadstar.ai's valuation has moved from $600M at its Series A in May 2018 to $600M in December 2018, across 2 priced rounds.

Roadstar.ai valuation by funding round

Roadstar.ai valuation by funding round
DateStageValuation
Dec 2018Secondary$600M
May 2018Series A$600M

Roadstar.ai Funding History

Roadstar.ai has raised a total of $128M across 1 funding round, plus 1 secondary share sale.

Roadstar.ai funding rounds

Roadstar.ai funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2018Secondary-$12M$600MRoadstar.ai is a Shenzhen-based autonomous driving startup founded in May 2017, specializing in Level 4 self-driving technology with R&D centers in Shenzhen and Silicon Valley. The company develops sensor fusion platforms using LiDAR, cameras, millimeter-wave radar, and GPS, and launched its first product, Aries (锐), as the world's first Level 4 solution with Chinese-made laser radars, targeting cost under CN¥50,000 per vehicle by 2020. In May 2018, Roadstar.ai closed a record-breaking $128 million Series A round, co-led by Wu Capital and Shenzhen Capital Group, with participation from Yunqi Partners, CMB International Capital, and Vision Plus Capital. This followed a $10 million angel round and positioned Roadstar.ai with a $600 million valuation, ranking it third among Chinese autonomous driving startups behind Pony.ai and Momenta, both around $1 billion. The funding supported road testing in China and the US, plans to deploy 50 self-driving vehicles in 2018, expand to 200 in 2019, and reach 1,500 by 2020, aiming for one safety driver intervention per 1,000 km. Roadstar.ai achieved top global rankings in vision algorithms like CityScapes and won awards including CES Asia’s Best Startup of 2018.
May 2018Series AShenzhen Capital Group (lead); Wu Capital (lead); Vision Plus Capital; Yunqi Partners; CMB International Capital Corporation$128M$600MRoadstar.ai, founded in May 2017 by engineers from Google and Tesla, develops Level 4 autonomous driving technology with R&D centers in Shenzhen and Silicon Valley. The company tests Lincoln MKZ vehicles equipped with LiDAR, cameras, and sensors on public roads in China and the US, and launched Aries, the world's first urban L4 self-driving solution using China-made LiDAR, targeting per-vehicle costs under CNY 50,000 by 2020. On May 15, 2018, Roadstar.ai closed a record-breaking $128 million Series A round, led by Shenzhen Capital Group and Wu Capital, with participation from Yunqi Partners, CMB International Capital Corporation, and Vision Plus Capital. This exceeded Pony.ai's $112 million Series A and followed a $10 million angel round. Funds will expand the autonomous vehicle fleet to 50 units in 2018, 200 in 2019, and 1,500 by 2020, while enhancing security, data collection, and partnerships like with Meituan Dianping. Post-round analysis valued Roadstar.ai at $600 million, ranking third among Chinese autonomous driving startups behind Pony.ai and Momenta at around $1 billion each. The company leads in CityScapes semantic understanding benchmarks and aims for one safety intervention per 1,000 km by 2020. It competes with Baidu, Didi Chuxing, Pony.ai, and global players amid booming investor interest in China's self-driving sector.

Who has invested in Roadstar.ai?

5 investors have backed Roadstar.ai across its funding rounds, including Shenzhen Capital Group, Yunqi Partners, Vision Plus Capital, CMB International Capital Corporation and Wu Capital.

Lead investors include Shenzhen Capital Group and Wu Capital.


Roadstar.ai Investors

Investors in Roadstar.ai by funding rounds participated
InvestorHQRoundsRoleFirst check
Vision Plus CapitalChinaHangzhou1ParticipantMay 2018
Yunqi PartnersChinaShanghai1ParticipantMay 2018
Shenzhen Capital GroupChinaShenzhen1LeadMay 2018

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Roadstar.ai Competitors

Roadstar.ai competitors include listed companies like Kodiak AI, Cidi and Extreme Vision, and private ones like Auterion, Forterra and Uhnder.

Public and private companies comparable to Roadstar.ai
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$768M98.7x
CidiChinaChinaPublicly listed$132M($155M)$1.3B5.0x
AuterionSwitzerlandZurichPrivate--$600M-
ForterraUnited StatesWashington, DCPrivate-$82M$1B-
Extreme VisionChinaChinaPublicly listed$44M($6M)$1B11.6x
UhnderUnited StatesAustin, TXPrivate--$350M-

Roadstar.ai Public Comps

Roadstar.ai is still privately-owned, but its public comps include Reconova Technologies, RoboStrategy, People & Technology, Huayan Robotics, Elsight, Kodiak AI, ECARX Group, Serve Robotics, SaverOne and Swarmer.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Reconova Technologies$66M($8M)10.0x-(82.0x)-
RoboStrategy------
People & Technology$542M$77M1.2x1.2x8.8x11.5x
Huayan Robotics$58M($4M)12.8x9.5x(184.5x)(3194.4x)
Elsight$23M$6M30.7x15.3x117.5x34.5x
Kodiak AI$4M($577M)233.9x98.7x(1.5x)(6.6x)
ECARX Group$848M($23M)1.1x0.9x(40.7x)60.0x
Serve Robotics$3M($104M)55.5x19.3x(1.4x)(1.0x)

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Common questions about Roadstar.ai

When was Roadstar.ai founded?Roadstar.ai was founded in 2017.
Where is Roadstar.ai headquartered?Roadstar.ai is headquartered in Shenzhen, China.
Is Roadstar.ai publicly listed?No, Roadstar.ai is a private, VC-backed company.
What is Roadstar.ai's valuation?Roadstar.ai was last valued at $600M in its secondary sale in December 2018.
How much funding has Roadstar.ai raised?Roadstar.ai has raised $128M across 1 funding round.
What was Roadstar.ai's last funding round?Roadstar.ai's last funding round was a $128M Series A in May 2018, led by Shenzhen Capital Group and Wu Capital.
Who are Roadstar.ai's investors?Roadstar.ai's investors include Vision Plus Capital, Yunqi Partners, Shenzhen Capital Group, CMB International Capital Corporation and Wu Capital.
Which companies are comparable to Roadstar.ai?Companies comparable to Roadstar.ai include Kodiak AI, Cidi, Auterion, Forterra, Extreme Vision and Uhnder.

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