Zhizi Automobile Valuation, Funding & Investors

Zhizi Automobile is valued at $3.3B as of February 2024.

Last Zhizi Automobile valuation

$3.3B

Undisclosed stage · Feb 2024

Last Zhizi Automobile funding round

Series B

Amount undisclosed · Mar 2026

Cumulative funding Zhizi Automobile raised

$149M

across 4 funding rounds

Key investors in Zhizi Automobile

  • Xi'an Investment Holding
  • Dechuang Intelligent Automobile Venture Capital
  • CAS Star
  • Ondine Capital
  • Guoxin Investment
  • Xiamen Venture Capital

Zhizi Automobile Overview

About Zhizi Automobile

Zhizi Automobile is a developer of new energy intelligent vehicles featuring fuel cell engines and solid-state chassis systems. Based in China, it focuses on hydrogen-powered SUVs and sedans with extended range and rapid refueling capabilities. The company integrates AI-driven autonomy and battery management for urban and long-haul applications.


Founded

2022

HQ

ChinaHefei

Website

zzqckj.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$3.3B (Feb 2024)

Zhizi Automobile Valuation

Zhizi Automobile is currently valued at $3.3B, based on its undisclosed-stage round in February 2024.

The $53M round included Xi'an Investment Holding, Virtue Capital, Dechuang Intelligent Automobile Venture Capital, Xindian Intercom Digital Chain Technology, Yulin City Investment Operating Group and 2 other investors.

Zhizi Automobile's valuation has grown 1.1x from $3B at its undisclosed-stage round in February 2023 to $3.3B in February 2024, across 2 priced rounds.

Zhizi Automobile valuation by funding round

Zhizi Automobile valuation by funding round
DateStageValuation
Feb 2024Undisclosed stage$3.3B
Feb 2023Undisclosed stage$3B

Zhizi Automobile Funding History

Zhizi Automobile has raised a total of $149M across 4 funding rounds.

Zhizi Automobile's first fundraising round was a $21M undisclosed-stage round in February 2023. The most recent completed round was a Series B in March 2026.

Zhizi Automobile funding rounds

Zhizi Automobile funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2026Series BHebei Industrial Investment; Ondine Capital; Youda Shangrong; Shengshi Juxin; Green Era; Private Economy Fund; Guoxin Investment; Huitou Zhizao---
Feb 2024Undisclosed stageXi'an Investment Holding; Virtue Capital; Dechuang Intelligent Automobile Venture Capital; Xindian Intercom Digital Chain Technology; Yulin City Investment Operating Group; Beijing Chengye Investment Fund Management; CAS Star$53M$3.3BZhizi Automobile Technology Co., Ltd. is a commercial vehicle technology company established in April 2022 under Shaanxi Automobile Group. The company focuses on research, development, and sales of commercial vehicles characterized as intelligent, electrified, networked, and lightweight, covering applications in short-distance transport, long-haul logistics, municipal sanitation, construction sites, and port transportation. The company develops dual technological routes: hydrogen-powered and pure electric vehicles. In March 2024, Zhizi Automobile closed a Series A funding round that accumulated a total of 380 million yuan, supported by investors including Xi'an Investment Holding Co., Ltd., Yulin City Investment, Virtue Capital, Shaanxi Automobile Fund, Chengye Investment, and existing shareholder CASSTAR. The funds were allocated primarily to R&D initiatives, product innovation, and market expansion. By the time of this round, the company's cumulative financing had surpassed 600 million yuan since its founding, reflecting investments from entities such as the Chengtong Mixed Ownership Reform Fund, Cross-strait Tsinghua Research Institute, and Hong Kong Jary Group.
Oct 2023Series BOrange Leaf Fund; Xi'an Investment Holding; Dechuang Intelligent Automobile Venture Capital; Shaanxi Huangling Qinchuangyuan Fund; Xiamen Venture Capital$75M--
Feb 2023Undisclosed stageEnterprise Mixed Ownership Reform Fund (lead); SASAC (lead)$21M$3BZhizi Automobile, a Chinese company, received a $150M investment from Enterprise Mixed Ownership Reform Fund and SASAC, achieving a $3B valuation. The company operates in the automobile sector in China and Asia.

Who has invested in Zhizi Automobile?

20 investors have backed Zhizi Automobile across its funding rounds, including Xi'an Investment Holding, Dechuang Intelligent Automobile Venture Capital, CAS Star, Ondine Capital, Guoxin Investment and Xiamen Venture Capital.

Lead investors include Enterprise Mixed Ownership Reform Fund and SASAC.


Zhizi Automobile Investors

Investors in Zhizi Automobile by funding rounds participated
InvestorHQRoundsRoleFirst check
Xi'an Investment HoldingChinaXi'an2ParticipantOct 2023
Dechuang Intelligent Automobile Venture CapitalChinaChina2ParticipantOct 2023
Orange Leaf FundUnited StatesSan Francisco, CA1ParticipantOct 2023
Hebei Industrial InvestmentChinaShijiazhuang1ParticipantMar 2026
Virtue CapitalChinaChaoyang1ParticipantFeb 2024
Ondine CapitalSingaporeSingapore1ParticipantMar 2026
Youda ShangrongChinaChina1ParticipantMar 2026
Xindian Intercom Digital Chain TechnologyChinaChina1ParticipantFeb 2024
Shaanxi Huangling Qinchuangyuan FundChinaChina1ParticipantOct 2023
SASACChinaBeijing1LeadFeb 2023
Shengshi JuxinChinaChina1ParticipantMar 2026
Enterprise Mixed Ownership Reform FundChinaShanghai1LeadFeb 2023
Xiamen Venture CapitalChinaXiamen1ParticipantOct 2023

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Zhizi Automobile Competitors

Zhizi Automobile competitors include listed companies like XPENG and Tata Motors Passenger Vehicles, and private ones like Youxia Motors, ENOVATE Motors, Hozon and Zhiji Auto.

Public and private companies comparable to Zhizi Automobile
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Youxia MotorsChinaShanghaiPrivate--$3.4B-
ENOVATE MotorsChinaShanghaiPrivate--$3.8B-
HozonChinaShanghaiPrivate$831M-$4B4.8x
Zhiji AutoChinaShanghaiPrivate--$4.3B-
XPENGChinaChinaPublicly listed$11B$156M$10B1.0x
Tata Motors Passenger VehiclesIndiaIndiaPublicly listed$35B$2B$12B0.4x

Zhizi Automobile Public Comps

Zhizi Automobile is still privately-owned, but its public comps include Mitsubishi Motors, QuantumScape, Polaris, Thor Industries, Tofaş, Pony AI, Aima Technology Group, Harley-Davidson, Ninebot and Archer Aviation.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Mitsubishi Motors$19B$883M0.2x0.2x4.7x4.0x
QuantumScape-($397M)--(6.1x)(9.3x)
Polaris$7.2B($115M)0.7x0.7x(43.0x)8.8x
Thor Industries$9.6B$616M0.4x0.4x6.6x7.4x
Tofaş$6.8B$243M0.6x0.4x17.2x11.1x
Pony AI$90M($71M)21.1x14.1x(26.9x)(7.9x)
Aima Technology Group$3.7B$422M0.6x0.6x5.3x6.0x
Harley-Davidson$4.5B$665M0.7x0.8x4.8x10.3x

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Common questions about Zhizi Automobile

When was Zhizi Automobile founded?Zhizi Automobile was founded in 2022.
Where is Zhizi Automobile headquartered?Zhizi Automobile is headquartered in Hefei, China.
Is Zhizi Automobile publicly listed?No, Zhizi Automobile is a private, VC-backed company.
What is Zhizi Automobile's valuation?Zhizi Automobile was last valued at $3.3B in its undisclosed-stage round in February 2024.
How much funding has Zhizi Automobile raised?Zhizi Automobile has raised $149M across 4 funding rounds.
What was Zhizi Automobile's last funding round?Zhizi Automobile's last funding round was a Series B in March 2026.
Who are Zhizi Automobile's investors?Zhizi Automobile's investors include Xi'an Investment Holding, Dechuang Intelligent Automobile Venture Capital, Orange Leaf Fund, Hebei Industrial Investment, Virtue Capital, Ondine Capital, Youda Shangrong, Xindian Intercom Digital Chain Technology, Shaanxi Huangling Qinchuangyuan Fund, SASAC and 10 others.
Which companies are comparable to Zhizi Automobile?Companies comparable to Zhizi Automobile include Youxia Motors, ENOVATE Motors, Hozon, Zhiji Auto, XPENG and Tata Motors Passenger Vehicles.

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