About BAIC New Energy
BAIC New Energy is a company based in Beijing (China) founded in 2009 by Xu Heyi was acquired by Sstqianfeng in June 2018.. BAIC New Energy has raised $2.08 billion across 4 funding rounds from investors including Mercedes-Benz, BAIC and China Cinda. BAIC New Energy operates in a competitive market with competitors including Tesla, Polestar, NIO, Fisker and Beijing Che Lixing Information Technology, among others.
- Headquarter Beijing, China
- Founders Xu Heyi
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.08 B (USD)
in 4 rounds
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Latest Funding Round
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Investors
Mercedes-Benz
& 5 more
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Employee Count
Employee Count
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Acquired by
Sstqianfeng
(Jun 04, 2018)
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Funding Insights of BAIC New Energy
BAIC New Energy has successfully raised a total of $2.08B across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(01 Aug 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Series B - BAIC New Energy | Valuation | Mercedes-Benz |
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| Jul, 2017 | Amount | Series B - BAIC New Energy | Valuation | China Cinda | |
| Sep, 2016 | Amount | Series A - BAIC New Energy | Valuation | Mercedes-Benz |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BAIC New Energy
BAIC New Energy has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include Mercedes-Benz, BAIC and China Cinda. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Mercedes-Benz is recognized for manufacturing luxury and electric vehicles.
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Founded Year | Domain | Location | |
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Cars and commercial vehicles are manufactured and marketed.
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Founded Year | Domain | Location | |
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Asset management and financial services are provided to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BAIC New Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BAIC New Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Baic New Energy Comparisons
Competitors of BAIC New Energy
BAIC New Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tesla, Polestar, NIO, Fisker and Beijing Che Lixing Information Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric vehicles and solar energy products are manufactured.
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| domain | founded_year | HQ Location |
Electric vehicles are manufactured and developed by Polestar.
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| domain | founded_year | HQ Location |
AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
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| domain | founded_year | HQ Location |
Electric vehicles are manufactured and leased by Fisker Inc.
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| domain | founded_year | HQ Location |
Electric SUVs are manufactured in Beijing, China.
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| domain | founded_year | HQ Location |
Multi-category electric vehicles and robots are manufactured by Segway-Ninebot.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Baic New Energy
Frequently Asked Questions about BAIC New Energy
When was BAIC New Energy founded?
BAIC New Energy was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Where is BAIC New Energy located?
BAIC New Energy is headquartered in Beijing, China.
Is BAIC New Energy a funded company?
BAIC New Energy is a funded company, having raised a total of $2.08B across 4 funding rounds to date.
What does BAIC New Energy do?
BAIC New Energy was established in 2009 in Beijing, China, within the automotive sector. Electric vehicles are produced, incorporating bionic temperature control for heating and preservation, digital panels for navigation and entertainment, ventilated disc brakes, and multi-link rear suspensions. Operations center on new energy vehicle development, with a focus on innovative features for urban mobility. The founder, Xu Heyi, leads these efforts in the competitive electric car market.
Who are the top competitors of BAIC New Energy?
BAIC New Energy's top competitors include Polestar, Beijing Che Lixing Information Technology and Fisker.
Who are BAIC New Energy's investors?
BAIC New Energy has 6 investors. Key investors include Mercedes-Benz, BAIC, China Cinda, Beijing Electronics Holdings, and Guangzhou Ant Relocation Logistics.
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