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

ChinaWenzhou

Website

cnsorl.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

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

Xinruili funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2023Series BCICC Capital (lead); Haier Capital; Zhongsu Capital; Wenzhou Jiaoyun Group; Shanghai Ruijian Capital Management Co.; Langfang State-owned Assets Management Company$69MXinruili 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 2021Series AHengxu 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

Investors in Xinruili by funding rounds participated
InvestorHQRoundsRoleFirst check
Shanghai Ruijian Capital Management Co.ChinaShanghai2ParticipantAug 2021
Haier CapitalChinaChina1ParticipantAug 2023
Zhongsu CapitalChinaShanghai1ParticipantAug 2023
Zhucheng Yihe AxlesChinaZhucheng1ParticipantAug 2021
Hengxu CapitalChinaShanghai1LeadAug 2021
Aotu CapitalChinaShanghai1ParticipantAug 2021
SPIC Industrial Fund ManagementChinaBeijing1ParticipantAug 2021
Qingte GroupChinaQingdao1ParticipantAug 2021
Wenzhou Jiaoyun GroupChinaChina1ParticipantAug 2023
Wenzhou Transportation GroupChinaWenzhou1ParticipantAug 2021

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Xinruili Competitors

Xinruili competitors include listed companies like D'Ieteren, USS Co., Atmus Filtration and Valvoline, and private ones like The Automobile Association and Belron.

Public and private companies comparable to Xinruili
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
D'IeterenBelgiumBelgiumPublicly listed$9.3B$983M$10B1.4x
USS Co.JapanJapanPublicly listed$732M$426M$5.6B6.8x
The Automobile AssociationUnited KingdomBasingstokePrivate$739M$456M$5.3B7.2x
Atmus FiltrationUnited StatesUnited StatesPublicly listed$1.8B$330M$3.6B2.3x
ValvolineUnited StatesUnited StatesPublicly listed$1.7B$486M$3.5B2.6x
BelronLuxembourgLuxembourgPrivate-$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
D'Ieteren$9.3B$983M1.4x1.4x12.9x16.7x
USS Co.$732M$426M7.0x6.8x12.1x12.0x
Atmus Filtration$1.8B$330M2.5x2.3x13.4x11.3x
Valvoline$1.7B$486M3.1x2.6x11.0x9.7x
Boyd Group Services$3.1B$342M1.4x1.1x12.6x8.7x
Sonic Automotive$15B$525M0.4x0.4x12.8x11.2x
Driven Brands$1.9B$393M2.2x2.1x10.3x9.3x
Ali Alghanim & Sons Group$965M$164M1.4x-8.0x-

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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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