Tech Company Financing Transactions
SAIC Mobility Robotaxi Funding Round
SAIC Mobility Robotaxi, based in Shanghai, secured $148 million from SAIC Group, Gaoxing Investment and Momenta.
Transaction Overview
Company Name
Announced On
8/17/2022
Transaction Type
Venture Equity
Amount
$148,000,000
Round
Series B
Investors
Proceeds Purpose
The funds will be used to scale its robotaxi service in China, which it will operate in partnership with autonomous vehicle company Momenta.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Room 1603-7, 16th Floor, No. 888, Moyu South Road Anting Tow
Shanghai, Undisclosed
CN
Shanghai, Undisclosed
CN
Phone
Undisclosed
Website
Email Address
Overview
Developer of mobile applications intended to provide chauffeured car services. The company provides chauffeur-driven car-on-demand services to individuals, enabling users to have customized and convenient travel experiences.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jingxiong Zhuang
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We report on all VC transactions involving tech companies. All VC database entries reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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