- Companies
- SAIC Mobility
SAIC Mobility Valuation, Funding & Investors
SAIC Mobility is valued at $1B as of August 2022.
Last SAIC Mobility valuation
$1B
Series B · Aug 2022
Last SAIC Mobility funding round
$180M
Series C · May 2025
Cumulative funding SAIC Mobility raised
$373M
across 3 funding rounds
Key investors in SAIC Mobility
Alibaba Group
Momenta
CATL
SAIC Motor
Gaoxing Investment
SAIC Mobility Overview
About SAIC Mobility
SAIC Mobility is the ride-hailing and mobility services arm of Chinese automaker SAIC Motor, running a ride-hailing network across nearly 100 Chinese cities alongside car rental service EvCard and emerging robotaxi operations. Established in 2018 under the Xiangdao Chuxing brand, it partners with autonomous driving firm Momenta to deploy L4 robotaxis in Shanghai using Momenta's Flywheel technology. The company combines big data, AI, and smart transportation systems to build what it calls a one-stop smart mobility ecosystem, and has filed for a Hong Kong stock listing.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$1B (Aug 2022)
SAIC Mobility Valuation
SAIC Mobility is currently valued at $1B, based on its Series B in August 2022.
The $147M round was led by SAIC Motor, with participation from Gaoxing Investment and Momenta.
SAIC Mobility valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2022 | Series B | $1B |
SAIC Mobility Funding History
SAIC Mobility has raised a total of $373M across 3 funding rounds.
SAIC Mobility's first fundraising round was a $46M Series A in December 2020. The most recent completed round was a $180M Series C in May 2025.
SAIC Mobility funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2025 | Series C | - | $180M | - | SAIC Mobility, the strategic mobility service brand and ride-hailing unit under China's SAIC Motor, completed its Series C funding round on May 9, 2025, raising over 1.3 billion yuan (approximately $181 million USD), marking the largest single investment in China's mobility service sector in the past three years. Investors included SAIC Motor, industrial funds, and local government entities, providing strategic support for its one-stop smart mobility ecosystem. The funding will accelerate expansion in individual mobility (ride-hailing in nearly 100 Chinese cities with plans for overseas markets), corporate mobility, and future mobility, focusing on AI-driven precision operations, big data, artificial intelligence, smart transportation, and intelligent safety. Post-funding, SAIC Mobility aims to enhance operational efficiency, service quality, and safety through technologies like Robotaxi operations and proprietary large language models. It plans to collaborate with shareholder Momenta to launch an L4 Robotaxi fleet in Shanghai, scaling to 200 vehicles by 2026, and build a closed-loop ecosystem integrating vehicles, technology, and platforms. The company has initiated a Hong Kong stock IPO plan, building on prior rounds: Series A in 2020 with Alibaba for data capabilities, and Series B in 2022 with Momenta and Gaode for Robotaxi commercialization. This round aligns with China's 14th Five-Year Plan prioritizing smart mobility and EVs, bolstered by government support for infrastructure like 5G traffic systems and autonomous testing zones. SAIC Mobility was previously a unicorn after Series B, positioning it strongly in the competitive landscape amid global mobility investments exceeding $54 billion in 2023. The funding enables consolidation in core domestic cities and tech-enabled growth in a policy-backed environment. |
| Aug 2022 | Series B | SAIC Motor (lead); Gaoxing Investment; Momenta | $147M | $1B | SAIC Mobility, also known as Xiangdao Chuxing or SAIC Mobility Robotaxi, is the ride-hailing and mobility service arm of Chinese automaker SAIC Motor, focusing on robotaxi services, individual mobility, corporate mobility, and future mobility solutions. It operates a ride-hailing network in nearly 100 cities in China and partners with autonomous driving firm Momenta to deploy robotaxis powered by Momenta's Flywheel 4 technology, which uses deep learning for rapid iteration. On August 15-16, 2022, SAIC Mobility completed its Series B funding round, raising approximately RMB 1 billion (about $147-148 million USD), led by SAIC Motor (SAIC Group) with participation from Momenta, Gaoheng/Gaoxing/Gaohang Management Consulting (Gaoxing Investment), and other institutions. This round brought the company's total post-money valuation to over $1 billion USD, achieving unicorn status. The funds were allocated to scale robotaxi operations, double the fleet to 200 vehicles by the end of 2022, enhance the ride-hailing app, improve autonomous capabilities, and expand commercialization in cities like Shanghai and Suzhou following successful 100-day pilots with 60 vehicles, 98% user satisfaction, and 80% repeat usage. The Series B marked a strategic deepening of ties with SAIC Motor's resources and Momenta's AI/autonomous tech, positioning SAIC Mobility as a benchmark for carmaker-operating platform collaborations in L4 robotaxi deployment. A prior Series A in 2020 raised CNY 300 million from Alibaba and CATL. A later Series C in May (year unspecified, ~1.3 billion yuan) from SAIC Motor, industrial funds, and governments focused on AI pillars like big data and smart transportation, overseas expansion, and Robotaxi scaling to 200 vehicles by 2026. |
| Dec 2020 | Series A | CATL; Alibaba Group | $46M | - | SAIC Mobility, also known as Xiangdao Chuxing or SAIC Mobility Technology and Service Co., is the mobility arm of Chinese automaker SAIC Motor, offering ride-hailing, car rental services like EvCard, and emerging robotaxi operations. Established in 2018, it had over 20 million registered users across more than 20 cities, primarily in the Yangtze River Delta, by late 2020. The company absorbs platforms like Shencheng Chuxing (taxi-hailing with Shanghai government) and focuses on data, connectivity, safety, and new services like flexible car rentals in cities including Shanghai, Nanjing, Suzhou, and Zhengzhou. In December 2020, SAIC Mobility completed its Series A financing, raising 300 million yuan (approximately USD 46 million) from Alibaba Group and Contemporary Amperex Technology (CATL). This strategic investment supports joint development in big data, autonomous driving, new energy vehicles, and an 'ACTS' technology strategy encompassing artificial intelligence, connected cockpits, transport systems, and smart security. The funding enables business expansion, improved customer experience, and more mobility options amid competition from Didi Chuxing. By 2021, it piloted robotaxi services, later completing over 330,000 orders for 2.5 million kilometers. Subsequent rounds included Series B in 2022 (CNY 1 billion from Momenta and Amap) and Series C in 2025 (over CNY 1.3 billion from SAIC, industrial funds, governments), with Hong Kong IPO plans and L4 robotaxi fleet goals of 200 vehicles in Shanghai by 2026. |
Who has invested in SAIC Mobility?
5 investors have backed SAIC Mobility across its funding rounds, including Alibaba Group, Momenta, CATL, SAIC Motor and Gaoxing Investment.
Lead investors include SAIC Motor.
SAIC Mobility Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Lead | Aug 2022 | ||
This data is available for Pro users. Sign up to see all 5 SAIC Mobility 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 TrialSAIC Mobility Competitors
SAIC Mobility competitors include listed companies like GO and Lime, and private ones like Shouqi Limousine & Chauffeur, GO, inDrive and eDaijia.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $43M | - | $1B | 23.3x | ||
| Private | - | - | $985M | - | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $800M | - | ||
| Publicly listed | $266M | $49M | $1.7B | 5.3x | ||
| Publicly listed | $887M | $87M | $2B | - |
SAIC Mobility Public Comps
SAIC Mobility is still privately-owned, but its public comps include CaoCao, Tripadvisor, Voyageurs, Web Travel Group, Trainline, Luyuan Group Holding, China Travel International, Ixigo, UTour Group and LuxExperience.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3B | $51M | 0.6x | 0.6x | 35.8x | 33.9x | |||
| $1.9B | $160M | 0.6x | 0.6x | 6.8x | 4.2x | |||
| $904M | $90M | 0.8x | 0.8x | 7.7x | 8.5x | |||
| $280M | $86M | 2.7x | 2.6x | 8.8x | 7.0x | |||
| $608M | $221M | 1.9x | 1.9x | 5.3x | 4.8x | |||
| $881M | $44M | 0.8x | - | 16.8x | - | |||
| $519M | $122M | 2.0x | 1.9x | 8.6x | 8.4x | |||
| $128M | $8M | 5.0x | 4.5x | 83.7x | 57.8x | |||
This data is available for Pro users. Sign up to see all SAIC Mobility competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SAIC Mobility
| When was SAIC Mobility founded? | SAIC Mobility was founded in 2018. |
| Where is SAIC Mobility headquartered? | SAIC Mobility is headquartered in China. |
| Is SAIC Mobility publicly listed? | No, SAIC Mobility is a private, VC-backed company. |
| What is SAIC Mobility's valuation? | SAIC Mobility was last valued at $1B in its Series B in August 2022. |
| How much funding has SAIC Mobility raised? | SAIC Mobility has raised $373M across 3 funding rounds. |
| What was SAIC Mobility's last funding round? | SAIC Mobility's last funding round was a $180M Series C in May 2025. |
| Who are SAIC Mobility's investors? | SAIC Mobility's investors include Gaoxing Investment, Momenta, SAIC Motor, CATL and Alibaba Group. |
| Which companies are comparable to SAIC Mobility? | Companies comparable to SAIC Mobility include Shouqi Limousine & Chauffeur, GO, inDrive, eDaijia, GO and Lime. |
See companies similar to SAIC Mobility
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




