Financing History of QINGZHOU Zhihang

In April 2020, QINGZHOU Zhihang raised tens of millions of dollars in the angel round, with a valuation of 60 million US dollars, and investors included IDG Capital, Yuanjing Capital, and Tide Capital. In October 2020, Pre-A was valued at 100 million US dollars, and investors included Lenovo Capital. In March 2021, A1 round raised tens of millions of dollars, with a valuation of 200 million US dollars. In August 2021, A+ round raised 100 million US dollars, with a valuation of 500 million US dollars, and investors included Yunfeng Fund, Yuansheng Capital, Meituan Longzhu Capital, and IDG Capital. In December 2022, B1 round raised hundreds of millions of yuan, with a valuation of 800 million US dollars, and investors included CICC Huirong Fund, TCL, Horizon, and Yuansheng Capital. In 2022, the fleet size will be 120 (vehicles), 100 minibuses, 20 Robotaxi (vehicles), and the team size will be 400 (people).