Kuwa Technology’s Financing History

In February 2016, Kuwa Technology raised tens of millions of yuan in the angel round, with a valuation of 100 million yuan. In June 2016, it raised 40 million yuan in the A round, with a valuation of 300 million yuan. Investment institutions included Heli Investment, Wuhu Venture Capital, and Qiancheng Capital. In May 2018, it raised 135 million yuan in the B round, with a valuation of 700 million yuan. Investment institutions included Softbank China, Genesis Partners Capital, Yingfeng Investment, Ruijing Capital, China Minsheng Financial Services, Wuhu Venture Capital, and Heli Investment. In September 2021, it raised 250 million US dollars in the C round, with a valuation of 6 billion yuan. Investment institutions included industrial capital and financial investors. In June 2022, it raised 8 billion yuan in the D1 round, with an investment institution including Asia Investment Capital. In 2022, the fleet size will be 1,100 (vehicles), orders will be 4 billion (yuan), and the team size will be 1,200 (people).