PATEO IoV has completed 8 rounds of financing and raised nearly RMB 4 billion

Baidu Internet of Vehicles has completed eight rounds of financing, raising a total of nearly RMB 4 billion. In November 2015, the company received 120 million yuan from Red Horse Capital and its valuation exceeded 1 billion yuan. A year and a half later, Suning.com invested 142 million yuan in it. In 2018, Baidu Internet of Vehicles received RMB 455 million in financing from investors including Yifeng Capital, Dongfeng Group, Xiaomi Group, etc. In addition, Haier Capital, Xiaomi Group and others also bought some of the company's old shares in 2020. In July 2021, FAW Group, Jisheng Capital, Gandao Fund, Fuding Capital, Jingkai Capital, Jianyuan Fund, Carrui Ventures, SBI Capital, AsiaInfo Huachuang, Jianxin Huaxun Fund and others invested 836 million yuan and became shareholders of Boya Internet of Vehicles. In 2022, it completed three consecutive rounds of financing, with a total of more than 1.3 billion yuan. The investors include Shanghai Guosheng Capital, Ping An Capital, Jinggangshan Investment Fund, Oriental Fortune, Golden Dujuan Capital, and Shanghai Chengpu Investment. In 2024, with the support of Zhongan Capital, Changxing Fund, Sichuan Collaborative Revitalization Fund, Sichuan Industrial Revitalization Fund, etc., Baidu Internet of Vehicles completed a round D financing of more than 1 billion yuan, and its own valuation reached 8.572 billion yuan. Before the listing, Ying Yulun held 23.95% of the shares; Suning.com held 7.47%; Xiaomi Group held 5.75%; and Oriental Fortune Capital held 3.71%. According to a rough calculation based on the valuation of 8.572 billion yuan, Ying Yulun's net worth exceeds 2 billion yuan, while the shareholding values ​​of Suning.com, Xiaomi Group, and Oriental Fortune are 640 million yuan, 493 million yuan, and 318 million yuan, respectively.