Financing History of Mushroom Car Alliance

In 2017, Mushroom Car Union raised $20 million in the angel round, with a valuation of $100 million. In February 2019, it raised $120 million in the A round, with a valuation of $500 million. Investors include Tencent, JD.com, Yixin, and BAI. In 2020, it raised $200 million in the B round, with a valuation of $1 billion. In September 2021, it raised $300 million in strategic investment, with a valuation of $3 billion. Investors include Tencent Investment, JD.com Group, Yixin Group, Shanghai Chengpu Investment, and SF Holding. In 2022, the total fleet size will be 300 (vehicles), Robotaxi 150 (vehicles), the team size will be 1,300 (people), the R&D team will be 500 (people), and the order will be 10,000 (million yuan).