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

ChinaHefei

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

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

Weidu Technology funding rounds
DateStageInvestorsRaised
Apr 2024Series BHSBC; Goodman Property; HITE Hedge Asset Management$110M
Dec 2023Series BZO Future Group; Goodman Property; Han Wen; Hefei Baohe District Linghang Venture Capital Fund$14M
Aug 2022AngelGSR 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

Investors in Weidu Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
Goodman PropertyNew ZealandNew Zealand2ParticipantDec 2023
ZO Future GroupHong KongHong Kong1ParticipantDec 2023
GSR United CapitalChinaBeijing1LeadAug 2022
HSBCUnited KingdomLondon1ParticipantApr 2024
HITE Hedge Asset ManagementUnited StatesBoston, MA1ParticipantApr 2024

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Weidu 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.

Public and private companies comparable to Weidu Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Mahindra & MahindraIndiaIndiaPublicly listed$20B$4.1B$39B3.0x
TratonGermanyGermanyPublicly listed$51B$6.4B$21B1.0x
TVS MotorIndiaIndiaPublicly listed$5B$215M$20B4.3x
Yamaha MotorJapanJapanPublicly listed$16B$1.4B$11B0.9x
Koenigsegg AutomotibeSwedenHelsingborgPrivate$83M-$1B12.0x
Yinwang Smart TechnologyChinaShenzhenPrivate$1.5B-$17B11.1x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B15.0x13.8x140.8x97.4x
Toyota$326B$49B1.3x1.3x8.8x11.4x
Eaton$27B$6.2B6.5x5.7x29.1x24.2x
Mitsubishi$122B$8.7B1.2x1.2x17.2x21.8x
BYD$120B$18B0.9x0.9x6.3x5.8x
Illinois Tool Works$16B$4.6B5.3x5.1x18.4x17.6x
General Motors$185B$15B1.0x1.0x12.1x8.5x
Ferrari$8.2B$3.2B9.0x8.5x23.4x21.9x

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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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