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Backed by Chinese carmaker Great Wall, Haomo raises $14M for autonomous driving tech

PRIVATEFeb 22, 2024

Amount Raised

$14 Million

Round Type

Series B

BeijingSoftwareConsumer GoodsFood And BeverageSoftware Development

Investors

Chengdu Wufa Private Equity Fund Management

Description

Haomo.ai has raised $14 million in the first tranche of its Series B funding, led by Chengdu Wufa Private Equity Fund Management, an investment vehicle backed by the government of Chengdu. The company's total equity funding has exceeded $200 million, all in Chinese yuan. The investment ties Haomo to an agreement to develop robotics for Wuhou, a central district of Chengdu.

Quick answer

Haomo.Ai raised $14 Million in a Series B round, dated February 22, 2024. Investors: Chengdu Wufa Private Equity Fund Management. Haomo.Ai is based in Beijing, Beijing, China.

How much did Haomo.Ai raise?
Haomo.Ai raised $14 Million in a Series B round on February 22, 2024.
Who invested in Haomo.Ai?
Chengdu Wufa Private Equity Fund Management is named as investors in this round.
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 else raised in Consumer Goods and Food And Beverage around the same time

Companies in the same sectors as Haomo.Ai that raised within 45 days of this round, from Fundz verified event records.

  • Wonder raised $20M on April 5, 2024.
  • Wonder raised $718M on March 15, 2024.
  • Regent Craft raised an undisclosed amount (Corporate Round) on March 11, 2024.
  • Synadia Communications raised $25M (Series B) on February 28, 2024.
  • Crisp raised $50M (Series B) on February 22, 2024.
  • Synadia Communications raised $25M (Series B) on February 22, 2024.

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
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

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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