About Exway
Exway is a company based in Shenzhen (China) founded in 2016 by Alejandro Abad Ibanez and Chao Zeng.. Exway has raised $6.28 million across 1 funding round from investors including Sequoia Capital. Exway operates in a competitive market with competitors including Onewheel, Walnutt, ZBoard, Dash Electric and Stark Mobility, among others.
- Headquarter Shenzhen, China
- Founders Alejandro Abad Ibanez, Chao Zeng
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Coobuy Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.28 M (USD)
in 1 rounds
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Latest Funding Round
$6.28 M (USD), Series A
Apr 14, 2022
- Investors
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Employee Count
Employee Count
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Funding Insights of Exway
Exway has successfully raised a total of $6.28M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.28 million completed in April 2022. 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 1
- Last Round Series A — $6.3M
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First Round
First Round
(14 Apr 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2022 | Amount | Series A - Exway | Valuation | Sequoia Capital China |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Exway
Exway has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sequoia Capital. 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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Venture capital firm focused on early-stage investments
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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 Exway
| 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 - Exway
| 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 |
Exway Comparisons
Competitors of Exway
Exway 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 Onewheel, Walnutt, ZBoard, Dash Electric and Stark Mobility, 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 |
A company focused on personal digital vehicle innovation.
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| domain | founded_year | HQ Location |
Electric skateboards are developed by Walnutt under the Spectra brand.
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| domain | founded_year | HQ Location |
Electric Skateboard Maker
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| domain | founded_year | HQ Location |
Specializes in manufacturing and selling electric skateboards for recreational use.
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| domain | founded_year | HQ Location |
Electric skateboards with removable batteries are developed for personal mobility.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Exway
When was Exway founded?
Exway was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is Exway located?
Exway is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Who is the current CEO of Exway?
Chao Zeng is the current CEO of Exway. They have also founded this company.
Is Exway a funded company?
Exway is a funded company, having raised a total of $6.28M across 1 funding round to date. The company's 1st funding round was a Series A of $6.28M, raised on Apr 14, 2022.
What does Exway do?
Exway was founded in 2016 in Shenzhen, China, where operations focus on the production of smart electric skateboards within the personal mobility sector. Models such as the Exway X1 are equipped with dual hub motors, a 120Wh battery pack, Bluetooth remote control, and FOC speed controllers, enabling a 16 km range and 40 kmh top speed. An accompanying app is integrated via Bluetooth for performance monitoring and adjustments.
Who are the top competitors of Exway?
Exway's top competitors include Future Motion, Walnutt and XTND.
Who are Exway's investors?
Exway has 1 investor. Key investors include Sequoia Capital.