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- Xinruili
Xinruili Funding, Investors & Competitors
Xinruili has raised $146M across 2 funding rounds, most recently a $69M Series B in August 2023.
Last Xinruili funding round
$69M
Series B · Aug 2023
Cumulative funding Xinruili raised
$146M
across 2 funding rounds
Key investors in Xinruili
Shanghai Ruijian Capital Management Co.
CICC Capital
Hengxu Capital
Haier Capital
Zhongsu Capital
Aotu Capital
SPIC Industrial Fund Management
Langfang State-owned Assets Management Company
Xinruili Overview
About Xinruili
Xinruili is a Ningbo-headquartered manufacturer of automotive aftermarket components under the SORL Auto Parts brand. The company produces alternators, starter motors, horns, automotive lamps, radiators, and engine cooling systems for passenger cars, light trucks, and heavy-duty vehicles. Established in 1993, it supplies products to both Chinese domestic markets and overseas distributors.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
Xinruili Funding History
Xinruili has raised a total of $146M across 2 funding rounds.
Xinruili's first fundraising round was a $77M Series A in August 2021. The most recent completed round was a $69M Series B in August 2023.
Xinruili funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2023 | Series B | CICC Capital (lead); Haier Capital; Zhongsu Capital; Wenzhou Jiaoyun Group; Shanghai Ruijian Capital Management Co.; Langfang State-owned Assets Management Company | $69M | Xinruili secured nearly 500 million yuan in Series B financing, led by CICC Capital, as announced around October 11, 2023. CVCapital participated in this round. |
| Aug 2021 | Series A | Hengxu Capital (lead); Zhucheng Yihe Axles; Aotu Capital; SPIC Industrial Fund Management; Qingte Group; Wenzhou Transportation Group; Shanghai Ruijian Capital Management Co. | $77M | - |
Who has invested in Xinruili?
12 investors have backed Xinruili across its funding rounds, including Shanghai Ruijian Capital Management Co., CICC Capital, Hengxu Capital, Haier Capital, Zhongsu Capital and Aotu Capital.
Lead investors include CICC Capital and Hengxu Capital.
Xinruili Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 12 Xinruili 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 TrialXinruili Competitors
Xinruili competitors include listed companies like D'Ieteren, USS Co., Atmus Filtration and Valvoline, and private ones like The Automobile Association and Belron.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $9.3B | $983M | $10B | 1.4x | ||
| Publicly listed | $732M | $426M | $5.6B | 6.8x | ||
| Private | $739M | $456M | $5.3B | 7.2x | ||
| Publicly listed | $1.8B | $330M | $3.6B | 2.3x | ||
| Publicly listed | $1.7B | $486M | $3.5B | 2.6x | ||
| Private | - | $670M | $3.5B | - |
Xinruili Public Comps
Xinruili is still privately-owned, but its public comps include D'Ieteren, USS Co., Atmus Filtration, Valvoline, Boyd Group Services, Sonic Automotive, Driven Brands, Ali Alghanim & Sons Group, IDOM and Auto Nejma.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $9.3B | $983M | 1.4x | 1.4x | 12.9x | 16.7x | |||
| $732M | $426M | 7.0x | 6.8x | 12.1x | 12.0x | |||
| $1.8B | $330M | 2.5x | 2.3x | 13.4x | 11.3x | |||
| $1.7B | $486M | 3.1x | 2.6x | 11.0x | 9.7x | |||
| $3.1B | $342M | 1.4x | 1.1x | 12.6x | 8.7x | |||
| $15B | $525M | 0.4x | 0.4x | 12.8x | 11.2x | |||
| $1.9B | $393M | 2.2x | 2.1x | 10.3x | 9.3x | |||
| $965M | $164M | 1.4x | - | 8.0x | - | |||
This data is available for Pro users. Sign up to see all Xinruili competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Xinruili
| When was Xinruili founded? | Xinruili was founded in 2016. |
| Where is Xinruili headquartered? | Xinruili is headquartered in Wenzhou, China. |
| Is Xinruili publicly listed? | No, Xinruili is a private, VC-backed company. |
| How much funding has Xinruili raised? | Xinruili has raised $146M across 2 funding rounds. |
| What was Xinruili's last funding round? | Xinruili's last funding round was a $69M Series B in August 2023, led by CICC Capital. |
| Who are Xinruili's investors? | Xinruili's investors include Shanghai Ruijian Capital Management Co., Haier Capital, Zhongsu Capital, Zhucheng Yihe Axles, Hengxu Capital, Aotu Capital, SPIC Industrial Fund Management, Qingte Group, Wenzhou Jiaoyun Group, Wenzhou Transportation Group and 2 others. |
| Which companies are comparable to Xinruili? | Companies comparable to Xinruili include D'Ieteren, USS Co., The Automobile Association, Atmus Filtration, Valvoline and Belron. |
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