- Companies
- Tage Zhixing
Tage Zhixing Funding, Investors & Competitors
Tage Zhixing has raised $200M across 8 funding rounds, most recently a Series D in April 2026.
Last Tage Zhixing funding round
Series D
Amount undisclosed · Apr 2026
Cumulative funding Tage Zhixing raised
$200M
across 8 funding rounds
Key investors in Tage Zhixing
Hefei Industry Investment Group
CHN Energy
Baotong Investment
GSR United Capital
Qianhai Fund of Funds
Yingke Capital
Lucion
Puxin Capital
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
Tage Zhixing Funding History
Tage Zhixing has raised a total of $200M 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 Series D in April 2026.
Tage Zhixing funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| 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 | CHN Energy (lead); Hefei Industry Investment Group (lead); Tsingstone Capital; Shandong Luxin-Rio Visual Technology | $55M | - |
| Sep 2023 | Series C | Hefei Industry Investment Group (lead); Lucion; CHN Energy; Qingshi Asset Management Group; Buaa Holdings; Hefei Xincheng; Huangshan New Era Cultural Tourism Fund Management | $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 Hefei Industry Investment Group, CHN Energy, Baotong Investment, GSR United Capital, Qianhai Fund of Funds and Yingke Capital.
Lead investors include Chizhou TAGE Intelligent Driving Yunchuang Fund, Hangzhou Shengshi Yuheng Fund, CHN Energy, Hefei Industry Investment Group, Yingke Capital and 3 other investors.
Tage Zhixing Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2020 | ||
| 2 | Lead | Sep 2023 | ||
| 2 | Lead | Sep 2023 | ||
| 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 | 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, Tesla and Autodesk, and private ones like NEURA Robotics and Zelos.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $7B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $673M | $128M | $1.6B | 2.2x | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x | ||
| Publicly listed | $95B | $10B | $1.4T | 13.8x | ||
| Publicly listed | $7.2B | $1.8B | $46B | 5.7x |
Tage Zhixing Public Comps
Tage Zhixing is still privately-owned, but its public comps include Tesla, Stryker, Cadence Design Systems, General Motors, Autodesk, Constellation Software, Dassault Systemes, Unitree Robotics, Hexagon and Snap-on.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $25B | $6.3B | 4.7x | 4.5x | 18.8x | 15.6x | |||
| $5.3B | $1.8B | 14.8x | 13.0x | 44.3x | 27.3x | |||
| $185B | $15B | 1.0x | 1.0x | 12.1x | 8.5x | |||
| $7.2B | $1.8B | 6.3x | 5.7x | 25.6x | 14.1x | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $7.2B | $2.2B | 4.0x | 4.0x | 13.2x | 11.2x | |||
| $253M | $55M | 118.8x | - | 548.5x | - | |||
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. |
| How much funding has Tage Zhixing raised? | Tage Zhixing has raised $200M across 8 funding rounds. |
| What was Tage Zhixing's last funding round? | Tage Zhixing's last funding round was a Series D in April 2026. |
| Who are Tage Zhixing's investors? | Tage Zhixing's investors include Baotong Investment, Hefei Industry Investment Group, CHN Energy, GSR United Capital, Hangzhou Shengshi Yuheng Fund, Puxin Capital, Yingke Capital, Lucion, Anhui Wantong Technology, Qingshi Asset Management Group and 13 others. |
| Which companies are comparable to Tage Zhixing? | Companies comparable to Tage Zhixing include NEURA Robotics, Zelos, KPIT Technologies, Kodiak AI, Tesla and Autodesk. |
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.




