Amount Raised
$70
Round Type
Series B
ShanghaiManufacturingInvestors
Description
Tongyu Automobile Technology, a Chinese supplier of intelligent chassis systems, has completed its over CNY500 million (USD70 million) Series B round of fundraising, gaining support from automakers such as BAIC Group and Dongfeng Motor.
Quick answer
Tongyu raised $70 in a Series B round, dated December 4, 2023. Investors: Xpeng, Jac Motors, Dongfeng, Xiaomi Corp., BAIC Capital, GGV Capital, Shenzhen Capital Group and Dongfeng Motor. Tongyu is based in Shanghai, Shanghai, China.
- How much did Tongyu raise?
- Tongyu raised $70 in a Series B round on December 4, 2023.
- Who invested in Tongyu?
- Xpeng, Jac Motors, Dongfeng, Xiaomi Corp., BAIC Capital, GGV Capital, Shenzhen Capital Group and Dongfeng Motor are named as investors in this round.
- What does Tongyu do?
- Tongyu Automotive Technology is a first-tier supplier of intelligent chassis systems for Chinese automobiles.
- Where is Tongyu based and how big is it?
- Tongyu is based in Shanghai, Shanghai, China.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as Tongyu that raised within 45 days of this round, from Fundz verified event records.
- Hadrian raised $86M on December 11, 2023.
- Allarity Therapeutics raised $400K (Seed) on January 18, 2024.
- Lynch Regenerative Medicine raised $3.8M (Seed) on January 17, 2024.
- Plant Prefab raised $2M (Seed) on January 17, 2024.
- ivWatch raised $14M on January 12, 2024.
- Doc.com raised $300M (Funding Round) on January 11, 2024.
Who to call at Tongyu, and when
A new round usually means Tongyu is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Tongyu raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Tongyu, from your own LinkedIn network
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Funding Insights
What this usually meansTongyu 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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