Tongyu Auto Completes Nearly RMB 200 Million A+ Round of Financing

Tongji Science Park Jiading Branch Shanghai Tongyu Automotive Technology Co., Ltd. (hereinafter referred to as Tongyu Automotive) announced the completion of nearly 200 million yuan in A+ round of financing. This round of financing was jointly led by Xiaomi Industrial Investment and Dongfeng Communications Bank, with Anting Industrial, Jinbang Capital, Tongchuang Capital, and Ruomu Capital increasing their investment, and Wuyuefeng Capital continuing to increase its investment. As of May 2022, Tongyu Automotive has obtained four rounds of financing, of which Tongji University holds 8.12% of the shares. Investors also include Zhejiang Wanan, Bokang Gongying, Wuyuefeng, Jiading State-owned Assets Supervision and Administration Commission, Anting Town Government, etc. After the A+ round of investment, the company's valuation is 1.8 billion yuan.