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Chinese Self-Driving Startup Haomo.Ai Entres Unicorn Club After $157M Series A Round

PRIVATEDec 22, 2021

Amount Raised

$157 Million

Round Type

Series A

BeijingSoftwareConsumer GoodsFood And BeverageSoftware Development

Description

Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan ($156.9 million) in a Series A round of financing to reach a unicorn status with a valuation of over $1 billion, the startup announced on Wednesday.

Quick answer

Haomo.Ai raised $157 Million in a Series A round, dated December 22, 2021. Haomo.Ai is based in Beijing, Beijing, China.

How much did Haomo.Ai raise?
Haomo.Ai raised $157 Million in a Series A round on December 22, 2021.
What does Haomo.Ai do?
Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan ($156.9 million) in a Series A round of financing to reach a unicorn status with a valuation of over $1 billion, the startup announced..
Where is Haomo.Ai based and how big is it?
Haomo.Ai is based in Beijing, Beijing, China.
Who are the decision-makers at Haomo.Ai?
Fundz holds 1 contact at Haomo.Ai. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who to call at Haomo.Ai, and when

A new round usually means Haomo.Ai is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Haomo.Ai

Location

Beijing, Beijing, China

About

Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan ($156.9 million) in a Series A round of financing to reach a unicorn status with a valuation of over $1 billion, the startup announced on Wednesday. The startup closed a pre-Series A round earlier this year at what it called “hundreds of millions of Chinese yuan.”The Series A round “marks the first victory we have ever gained in our battle for survival in the protracted autonomous driving race With the new financing, the startup will work with partners “to speed up the rollout of new products and services.” In addition, the startup also produces unmanned Level 4 self-driving logistics vehicles to handle tasks like groceries and e-commerce parcels deliveries to customers of its partnered platforms including Meituan, Wumart’s on-demand grocery unit Dmall, and Alibaba.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Haomo.Ai raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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