- Companies
- Zhizi Automobile
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Feb 2024 | Undisclosed stage | $3.3B |
| Feb 2023 | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Series B | Hebei Industrial Investment; Ondine Capital; Youda Shangrong; Shengshi Juxin; Green Era; Private Economy Fund; Guoxin Investment; Huitou Zhizao | - | - | - |
| Feb 2024 | Undisclosed stage | Xi'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 | $3.3B | Zhizi 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 2023 | Series B | Orange Leaf Fund; Xi'an Investment Holding; Dechuang Intelligent Automobile Venture Capital; Shaanxi Huangling Qinchuangyuan Fund; Xiamen Venture Capital | $75M | - | - |
| Feb 2023 | Undisclosed stage | Enterprise Mixed Ownership Reform Fund (lead); SASAC (lead) | $21M | $3B | Zhizi 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Oct 2023 | ||
| 2 | Participant | Oct 2023 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Lead | Feb 2023 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Lead | Feb 2023 | ||
| 1 | Participant | Oct 2023 | ||
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Start Free TrialZhizi 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.4B | - | ||
| Private | - | - | $3.8B | - | ||
| Private | $831M | - | $4B | 4.8x | ||
| Private | - | - | $4.3B | - | ||
| Publicly listed | $11B | $156M | $10B | 1.0x | ||
| Publicly listed | $35B | $2B | $12B | 0.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $883M | 0.2x | 0.2x | 4.7x | 4.0x | |||
| - | ($397M) | - | - | (6.1x) | (9.3x) | |||
| $7.2B | ($115M) | 0.7x | 0.7x | (43.0x) | 8.8x | |||
| $9.6B | $616M | 0.4x | 0.4x | 6.6x | 7.4x | |||
| $6.8B | $243M | 0.6x | 0.4x | 17.2x | 11.1x | |||
| $90M | ($71M) | 21.1x | 14.1x | (26.9x) | (7.9x) | |||
| $3.7B | $422M | 0.6x | 0.6x | 5.3x | 6.0x | |||
| $4.5B | $665M | 0.7x | 0.8x | 4.8x | 10.3x | |||
This data is available for Pro users. Sign up to see all Zhizi Automobile competitors and their valuation data. Start Free Trial | ||||||||
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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