SKIO Matrix Valuation, Funding & Investors

SKIO Matrix is valued at $1B as of February 2018.

Last SKIO Matrix valuation

$1B

Series C · Feb 2018

Last SKIO Matrix funding round

$158M

Series C · Feb 2018

Cumulative funding SKIO Matrix raised

$298M

across 3 funding rounds

Key investors in SKIO Matrix

  • IDG Capital
  • Meridian Capital Asia
  • Ameba Capital
  • Heaven-Sent Capital Management
  • Ricebank
  • Dingcang Capital

SKIO Matrix Overview

About SKIO Matrix

SKIO Matrix is a Beijing-based clean energy firm specializing in electric vehicle customization, urban mobility networks, and mobile power grids. The company manufactures power batteries and operates China's largest electric vehicle service network. SKIO Matrix extends into network management and nationwide deployments for urban transportation upgrades.


Founded

2009

HQ

ChinaHangzhou

Website

skio.cn

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Services

Valuation

$1B (Feb 2018)

SKIO Matrix Valuation

SKIO Matrix is currently valued at $1B, based on its Series C in February 2018.

The $158M round was led by IDG Capital.

SKIO Matrix's valuation has moved from $1.1B at its Series B in February 2015 to $1B in February 2018, across 2 priced rounds.

SKIO Matrix valuation by funding round

SKIO Matrix valuation by funding round
DateStageValuation
Feb 2018Series C$1B
Feb 2015Series B$1.1B

SKIO Matrix Funding History

SKIO Matrix has raised a total of $298M across 3 funding rounds.

SKIO Matrix's first fundraising round was a $12M Series A in January 2014. The most recent completed round was a $158M Series C in February 2018.

SKIO Matrix funding rounds

SKIO Matrix funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2018Series CIDG Capital (lead)$158M$1BSKIO Matrix Co., Ltd. is a Hangzhou-based new energy vehicle (NEV) manufacturer in China. In February 2018, the company received a significant investment from IDG Capital, a leading venture capital firm. IDG Capital invested RMB 1 billion, equivalent to US$159 million, as part of a funding round that valued the company at approximately $1 billion, establishing it as a unicorn in the competitive Chinese EV market. The investment reflected confidence in SKIO Matrix's positioning within China's rapidly expanding new energy vehicle sector, where multiple startups were competing to capture market share. However, detailed financial metrics such as revenue, ARR, and EBITDA were not publicly disclosed in relation to this round. SKIO Matrix was among numerous automotive startups in China during this period seeking to capitalize on government incentives and growing consumer demand for electric vehicles, though specific operational and financial details about the company's performance at the time of this investment remain limited in public sources.
Feb 2015Series BDingcang Capital (lead); Heaven-Sent Capital Management (lead); Meridian Capital Asia (lead)$128M$1.1BSKIO Matrix is a Chinese new energy vehicle firm that raised RMB800 million (approximately US$127 million) in 2015 from Meridian Capital China, Dingcang Capital, and Heaven-Sent Capital Management Group. Later, SKIO Matrix received additional investment from IDG Capital, reported as $159 million in 2018, indicating ongoing fundraising efforts in the new energy vehicle sector. Aggregate funding across rounds reached approximately $307 million by the time of later reports, including contributions from IDG Capital, Hua Ying Capital, Meridian Capital China, and Dingcang Capital. The company operates in the competitive Chinese EV and energy storage market.
Jan 2014Series AAmeba Capital (lead); Ricebank (lead)$12M--

Who has invested in SKIO Matrix?

6 investors have backed SKIO Matrix across its funding rounds, including IDG Capital, Meridian Capital Asia, Ameba Capital, Heaven-Sent Capital Management, Ricebank and Dingcang Capital.

Lead investors include IDG Capital, Dingcang Capital, Heaven-Sent Capital Management, Meridian Capital Asia, Ameba Capital and 1 other investor.


SKIO Matrix Investors

Investors in SKIO Matrix by funding rounds participated
InvestorHQRoundsRoleFirst check
Meridian Capital AsiaSingaporeSingapore1LeadFeb 2015
Dingcang Capital--1LeadFeb 2015
IDG CapitalChinaBeijing1LeadFeb 2018
RicebankChinaHangzhou1LeadJan 2014

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Investments by SKIO Matrix

SKIO Matrix has invested in 1 company to date.

Latest investment by SKIO Matrix was on September 11th 2015. SKIO Matrix invested in DLG in their $47M Series A round.


Latest Investments by SKIO Matrix

DLG
Description
DLG is a Chinese manufacturer of power lithium-ion batteries and control systems headquartered in Shenzhen. The company produces cells, battery packs, and management systems for electric vehicles, energy storage, and consumer electronics. DLG handles full lifecycle from R&D to after-sales service, supplying to domestic automakers and renewable energy projects.
HQ CountryChina
HQ City
Shanghai
Deal Date11 Sep 2015
RoundSeries A
Raised$47M
InvestorsECO Fund
Valuationundisclosed
EV/Revenue
EV/EBITDA

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SKIO Matrix Competitors

SKIO Matrix competitors include listed companies like Banpu Power and Reliance Power, and private ones like Ample, Climeworks, Amogy and Fulcrum Bioenergy.

Public and private companies comparable to SKIO Matrix
CompanyHQStatusRevenueEBITDAValuation
AmpleUnited StatesSan Francisco, CAPrivate--$1B
ClimeworksSwitzerlandZurichPrivate--$1.1B
AmogyUnited StatesNew York City, NYPrivate--$700M
Fulcrum BioenergyUnited StatesSan Francisco, CAPrivate--$603M
Banpu PowerThailandThailandPublicly listed--$1.1B
Reliance PowerIndiaIndiaPublicly listed$751M$278M$908M

SKIO Matrix Public Comps

SKIO Matrix is still privately-owned, but its public comps include Rockhopper Exploration, Greencoat Renewables, Grupo TSK, Thungela Resources, SP New Energy, HighPeak Energy, XPLR Infrastructure, Karoon Energy, Jiangsu Zongyi Co and Arendals Fossekompani.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Rockhopper Exploration-($42M)--(21.3x)(98.3x)
Greencoat Renewables($45M)($8M)(51.9x)24.4x(278.9x)24.6x
Grupo TSK$1.2B$52M0.6x-12.8x-
Thungela Resources$1.8B($279M)0.4x0.3x(2.3x)3.3x
SP New Energy$25M($46M)103.1x-(55.4x)-
HighPeak Energy$863M$585M2.4x2.4x3.6x3.6x
XPLR Infrastructure$1.2B$607M11.8x10.7x23.0x-
Karoon Energy$629M$247M1.9x2.0x4.8x3.3x

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Common questions about SKIO Matrix

When was SKIO Matrix founded?SKIO Matrix was founded in 2009.
Where is SKIO Matrix headquartered?SKIO Matrix is headquartered in Hangzhou, China.
Is SKIO Matrix publicly listed?No, SKIO Matrix is a private, VC-backed company.
What is SKIO Matrix's valuation?SKIO Matrix was last valued at $1B in its Series C in February 2018.
How much funding has SKIO Matrix raised?SKIO Matrix has raised $298M across 3 funding rounds.
What was SKIO Matrix's last funding round?SKIO Matrix's last funding round was a $158M Series C in February 2018, led by IDG Capital.
Who are SKIO Matrix's investors?SKIO Matrix's investors include Meridian Capital Asia, Dingcang Capital, IDG Capital, Ricebank, Heaven-Sent Capital Management and Ameba Capital.
Which companies are comparable to SKIO Matrix?Companies comparable to SKIO Matrix include Ample, Climeworks, Amogy, Fulcrum Bioenergy, Banpu Power and Reliance Power.
How many companies has SKIO Matrix invested in?SKIO Matrix has invested in 1 company, including DLG.
What was SKIO Matrix's last investment?In September 2015, SKIO Matrix invested in DLG's $47M Series A alongside ECO Fund.

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