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

ChinaBeijing

Website

i-tage.com

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

Tage Zhixing valuation by funding round
DateStageValuationRevenue Multiple
Oct 2026Undisclosed stage$749M9.5x

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

Tage Zhixing revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2026$79M$749M9.5xUndisclosed 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

Tage Zhixing funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2026Undisclosed stage-$45M$749MBeijing 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 2026Series DPuxin Capital; Anhui Wantong Technology; TONLY; Binhu Industry Group; Jiangsu Xineng Kechuang; Zhengneng Emerging Industry Fund---
Sep 2025Series CChizhou TAGE Intelligent Driving Yunchuang Fund (lead); Hangzhou Shengshi Yuheng Fund (lead)$28M--
Sep 2023Series CHefei 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 2022Series CBaotong Investment; Wuxi Boton Technology$14M--
Aug 2021Series BYingke 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 2020Series BBaotong Investment (lead); Qianhai Fund of Funds (lead); Qingyan Venture Capital Management$30M--
Mar 2019Series AGSR 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

Investors in Tage Zhixing by funding rounds participated
InvestorHQRoundsRoleFirst check
Baotong InvestmentChinaShanghai2LeadOct 2020
GSR United CapitalChinaBeijing1LeadMar 2019
Hangzhou Shengshi Yuheng FundChinaChina1LeadSep 2025
Puxin CapitalChinaShanghai1ParticipantApr 2026
Yingke CapitalChinaFuzhou1LeadAug 2021
LucionChinaJinan1ParticipantSep 2023
Anhui Wantong TechnologyChinaHefei1ParticipantApr 2026
Hefei Industry Investment GroupChinaHefei1LeadSep 2023
CHN EnergyChinaBeijing1LeadSep 2023
Qingshi Asset Management GroupChinaShenzhen1ParticipantSep 2023
Buaa HoldingsChinaBeijing1ParticipantSep 2023
TONLYChinaXianyang1ParticipantApr 2026
Hefei XinchengChinaHefei1ParticipantSep 2023

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Tage Zhixing Competitors

Tage Zhixing competitors include listed companies like KPIT Technologies, Kodiak AI and Cidi, and private ones like VisionNav Robotics, proteanTecs and AssetWatch.

Public and private companies comparable to Tage Zhixing
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
VisionNav RoboticsUnited StatesAtlanta, GAPrivate$31M-$500M16.1x
proteanTecsIsraelHaifaPrivate$60M-$600M10.0x
AssetWatchUnited StatesColumbus, OHPrivate--$437M-
KPIT TechnologiesIndiaIndiaPublicly listed$679M$129M$1.5B2.1x
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$245M36.9x
CidiChinaChinaPublicly listed$133M($156M)$804M2.9x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ZUKEN$273M$50M1.9x1.9x10.1x-
Shenzhen Tianyuan Dic$1.4B$43M0.7x-24.3x-
Robosense$292M($19M)1.6x1.2x(25.5x)(33.5x)
Red Cat Holdings$41M($72M)9.7x3.1x(5.5x)(4.2x)
Cidi$133M($156M)5.4x2.9x(4.6x)(19.2x)
PSI Software$319M($7M)2.6x2.5x(126.4x)44.0x
AEVEX$433M$30M4.5x2.8x64.6x19.3x
SEER Robotics$66M($6M)10.8x-(128.2x)-

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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.

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