- Companies
- Weidu Technology
Weidu Technology Funding, Investors & Competitors
Weidu Technology has raised $139M across 3 funding rounds, most recently a $110M Series B in April 2024.
Last Weidu Technology funding round
$110M
Series B ยท Apr 2024
Cumulative funding Weidu Technology raised
$139M
across 3 funding rounds
Key investors in Weidu Technology
Goodman Property
GSR United Capital
HSBC
HITE Hedge Asset Management
Hefei Baohe District Linghang Venture Capital Fund
Han Wen
ZO Future Group
Weidu Technology Overview
About Weidu Technology
Weidu Technology is a Shanghai supplier of automotive components, including fully redundant wire-control chassis systems, electric powertrains, body structures, and interior modules. The company targets electric vehicle manufacturers in China with integrated design solutions from its Jiangsu production base.
Founded
2022
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
Weidu Technology Funding History
Weidu Technology has raised a total of $139M across 3 funding rounds.
Weidu Technology's first fundraising round was a $15M angel round in August 2022. The most recent completed round was a $110M Series B in April 2024.
Weidu Technology funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Apr 2024 | Series B | HSBC; Goodman Property; HITE Hedge Asset Management | $110M |
| Dec 2023 | Series B | ZO Future Group; Goodman Property; Han Wen; Hefei Baohe District Linghang Venture Capital Fund | $14M |
| Aug 2022 | Angel | GSR United Capital (lead) | $15M |
Who has invested in Weidu Technology?
7 investors have backed Weidu Technology across its funding rounds, including Goodman Property, GSR United Capital, HSBC, HITE Hedge Asset Management, Hefei Baohe District Linghang Venture Capital Fund and Han Wen.
Lead investors include GSR United Capital.
Weidu Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Dec 2023 | ||
| 1 | Participant | Dec 2023 | ||
| 1 | Lead | Aug 2022 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
This data is available for Pro users. Sign up to see all 7 Weidu Technology 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 TrialWeidu Technology Competitors
Weidu Technology competitors include listed companies like Mahindra & Mahindra, Traton, TVS Motor and Yamaha Motor, and private ones like Koenigsegg Automotibe and Yinwang Smart Technology.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $20B | $4.1B | $39B | 3.0x | ||
| Publicly listed | $51B | $6.4B | $21B | 1.0x | ||
| Publicly listed | $5B | $215M | $20B | 4.3x | ||
| Publicly listed | $16B | $1.4B | $11B | 0.9x | ||
| Private | $83M | - | $1B | 12.0x | ||
| Private | $1.5B | - | $17B | 11.1x |
Weidu Technology Public Comps
Weidu Technology is still privately-owned, but its public comps include Tesla, Toyota, Eaton, Mitsubishi, BYD, Illinois Tool Works, General Motors, Ferrari, Volvo and PACCAR.
| 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 | |||
| $326B | $49B | 1.3x | 1.3x | 8.8x | 11.4x | |||
| $27B | $6.2B | 6.5x | 5.7x | 29.1x | 24.2x | |||
| $122B | $8.7B | 1.2x | 1.2x | 17.2x | 21.8x | |||
| $120B | $18B | 0.9x | 0.9x | 6.3x | 5.8x | |||
| $16B | $4.6B | 5.3x | 5.1x | 18.4x | 17.6x | |||
| $185B | $15B | 1.0x | 1.0x | 12.1x | 8.5x | |||
| $8.2B | $3.2B | 9.0x | 8.5x | 23.4x | 21.9x | |||
This data is available for Pro users. Sign up to see all Weidu Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Weidu Technology
| When was Weidu Technology founded? | Weidu Technology was founded in 2022. |
| Where is Weidu Technology headquartered? | Weidu Technology is headquartered in Hefei, China. |
| Is Weidu Technology publicly listed? | No, Weidu Technology is a private, VC-backed company. |
| How much funding has Weidu Technology raised? | Weidu Technology has raised $139M across 3 funding rounds. |
| What was Weidu Technology's last funding round? | Weidu Technology's last funding round was a $110M Series B in April 2024. |
| Who are Weidu Technology's investors? | Weidu Technology's investors include Goodman Property, ZO Future Group, GSR United Capital, HSBC, HITE Hedge Asset Management, Han Wen and Hefei Baohe District Linghang Venture Capital Fund. |
| Which companies are comparable to Weidu Technology? | Companies comparable to Weidu Technology include Mahindra & Mahindra, Traton, TVS Motor, Yamaha Motor, Koenigsegg Automotibe and Yinwang Smart Technology. |
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