- Companies
- Tage Zhixing
Tage Zhixing Revenue, Valuation, Funding & Investors
Tage Zhixing is valued at $749M as of October 2026, a 9.5x revenue multiple. Tage Zhixing revenue was $79M, as disclosed with its latest round.
Last Tage Zhixing valuation
$749M
Undisclosed stage · Oct 2026
Last Tage Zhixing funding round
$45M
Undisclosed stage · Oct 2026
Tage Zhixing revenue
$79M
Undisclosed stage · Oct 2026
Key investors in Tage Zhixing
Baotong Investment
GSR United Capital
Qianhai Fund of Funds
Yingke Capital
Hefei Industry Investment Group
Lucion
Tage Zhixing Overview
About Tage Zhixing
Tage Zhixing is a Beijing-based high-tech enterprise specializing in unmanned driving technology for mining vehicles and complete solutions for autonomous mines. The company deploys car-ground-cloud collaborative systems with 4G connectivity for intelligent dispatching and fleet management. Tage implements electric haul trucks and loaders at coal and metal mines in Inner Mongolia and Shanxi province.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Revenue
$79M (Oct 2026)
Valuation
$749M (Oct 2026)
Tage Zhixing Valuation
Tage Zhixing is currently valued at $749M, based on its undisclosed-stage round in October 2026. Read the announcement ↗
Tage Zhixing valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2026 | Undisclosed stage | $749M | 9.5x |
Tage Zhixing Revenue
Tage Zhixing's latest recorded revenue is $79M, as of its undisclosed-stage round in October 2026. At a $749M valuation, that implies a 9.5x revenue multiple.
Tage Zhixing revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2026 | $79M | $749M | 9.5x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Tage Zhixing Funding History
Tage Zhixing has raised a total of $190M across 8 funding rounds.
Tage Zhixing's first fundraising round was a $4M Series A in March 2019. The most recent completed round was a $45M undisclosed-stage round in October 2026.
Tage Zhixing funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2026 | Undisclosed stage | - | $45M | $749M | Beijing Tage Zhixing Technology, which trades as Tage iDriver, raised USD 44.9 million in a financing round reported on 21 October 2026, to push its autonomous driving technology for mines. Investors in this round were not named in the coverage. The company follows a Series D in April 2026 backed by PUXIN Capital, Wantong Technology, Tongli Heavy Industry and Wuxi Innovation Investment Group, and has raised cumulative financing of about CNY 1.5 billion. Tage Zhixing was founded in 2016 in Beijing by a Beihang University professor and develops machine vision and autonomous driving technology for open-pit mines. It earns revenue from selling and implementing its technology suites and from long-term service contracts for operating unmanned fleets, and has secured orders of more than CNY 1 billion. Its operating revenue was CNY 527 million in 2025, up from CNY 152 million in 2024, and its cumulative losses over 2023 to 2025 were about CNY 822 million. |
| Apr 2026 | Series D | Puxin Capital; Anhui Wantong Technology; TONLY; Binhu Industry Group; Jiangsu Xineng Kechuang; Zhengneng Emerging Industry Fund | - | - | - |
| Sep 2025 | Series C | Chizhou TAGE Intelligent Driving Yunchuang Fund (lead); Hangzhou Shengshi Yuheng Fund (lead) | $28M | - | - |
| Sep 2023 | Series C | Hefei Industry Investment Group (lead); CHN Energy (lead); Lucion; Qingshi Asset Management Group; Buaa Holdings; Hefei Xincheng; Huangshan New Era Cultural Tourism Fund Management; Tsingstone Capital; Shandong Luxin-Rio Visual Technology | $55M | - | - |
| Nov 2022 | Series C | Baotong Investment; Wuxi Boton Technology | $14M | - | - |
| Aug 2021 | Series B | Yingke Capital (lead) | $15M | - | Beijing Tage Zhixing Technology (also referred to as Tage Zhixing) completed a $15 million venture financing round in August 2021 led by Yingke Capital (also listed as Yingke Investment). This was the largest disclosed venture deal in the cloud mining industry for 2021. The company operates in the cloud computing sector within mining. |
| Oct 2020 | Series B | Baotong Investment (lead); Qianhai Fund of Funds (lead); Qingyan Venture Capital Management | $30M | - | - |
| Mar 2019 | Series A | GSR United Capital (lead) | $4M | - | - |
Who has invested in Tage Zhixing?
23 investors have backed Tage Zhixing across its funding rounds, including Baotong Investment, GSR United Capital, Qianhai Fund of Funds, Yingke Capital, Hefei Industry Investment Group and Lucion.
Lead investors include Chizhou TAGE Intelligent Driving Yunchuang Fund, Hangzhou Shengshi Yuheng Fund, Hefei Industry Investment Group, CHN Energy, Yingke Capital and 3 other investors.
Tage Zhixing Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2020 | ||
| 1 | Lead | Mar 2019 | ||
| 1 | Lead | Sep 2025 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Lead | Sep 2023 | ||
| 1 | Lead | Sep 2023 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Participant | Sep 2023 | ||
This data is available for Pro users. Sign up to see all 23 Tage 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 TrialTage Zhixing Competitors
Tage Zhixing competitors include listed companies like KPIT Technologies, Kodiak AI and Cidi, and private ones like VisionNav Robotics, proteanTecs and AssetWatch.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $31M | - | $500M | 16.1x | ||
| Private | $60M | - | $600M | 10.0x | ||
| Private | - | - | $437M | - | ||
| Publicly listed | $679M | $129M | $1.5B | 2.1x | ||
| Publicly listed | $4M | ($577M) | $245M | 36.9x | ||
| Publicly listed | $133M | ($156M) | $804M | 2.9x |
Tage Zhixing Public Comps
Tage Zhixing is still privately-owned, but its public comps include ZUKEN, Shenzhen Tianyuan Dic, Robosense, Red Cat Holdings, Cidi, PSI Software, AEVEX, SEER Robotics, Aeva and GuoChuang Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $273M | $50M | 1.9x | 1.9x | 10.1x | - | |||
| $1.4B | $43M | 0.7x | - | 24.3x | - | |||
| $292M | ($19M) | 1.6x | 1.2x | (25.5x) | (33.5x) | |||
| $41M | ($72M) | 9.7x | 3.1x | (5.5x) | (4.2x) | |||
| $133M | ($156M) | 5.4x | 2.9x | (4.6x) | (19.2x) | |||
| $319M | ($7M) | 2.6x | 2.5x | (126.4x) | 44.0x | |||
| $433M | $30M | 4.5x | 2.8x | 64.6x | 19.3x | |||
| $66M | ($6M) | 10.8x | - | (128.2x) | - | |||
This data is available for Pro users. Sign up to see all Tage Zhixing competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Tage Zhixing
| When was Tage Zhixing founded? | Tage Zhixing was founded in 2016. |
| Where is Tage Zhixing headquartered? | Tage Zhixing is headquartered in Beijing, China. |
| Is Tage Zhixing publicly listed? | No, Tage Zhixing is a private, VC-backed company. |
| What is Tage Zhixing's valuation? | Tage Zhixing was last valued at $749M in its undisclosed-stage round in October 2026. |
| How much funding has Tage Zhixing raised? | Tage Zhixing has raised $190M across 8 funding rounds. |
| What was Tage Zhixing's last funding round? | Tage Zhixing's last funding round was a $45M undisclosed-stage round in October 2026. |
| Who are Tage Zhixing's investors? | Tage Zhixing's investors include Baotong Investment, GSR United Capital, Hangzhou Shengshi Yuheng Fund, Puxin Capital, Yingke Capital, Lucion, Anhui Wantong Technology, Hefei Industry Investment Group, CHN Energy, Qingshi Asset Management Group and 13 others. |
| What is Tage Zhixing's revenue? | Tage Zhixing's latest recorded revenue is $79M (October 2026). |
| What is Tage Zhixing's revenue multiple? | Tage Zhixing's latest valuation implies a 9.5x revenue multiple ($749M valuation on $79M of revenue). |
| Which companies are comparable to Tage Zhixing? | Companies comparable to Tage Zhixing include VisionNav Robotics, proteanTecs, AssetWatch, KPIT Technologies, Kodiak AI and Cidi. |
See companies similar to Tage Zhixing
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




