About Open Motors
Open Motors is a company based in Palo Alto (United States) founded in 2013 by Yuki Liu, Tin Hang Liu, and Ampelio Macchi.. Open Motors has raised $120 thousand across 2 funding rounds from investors including Plug and Play Tech Center and Y Combinator. Open Motors offers products and services including TABBY EVO, EDIT EV, and HyperSwap. Open Motors operates in a competitive market with competitors including LEEKR, DeepDrive, Applied EV, REE and QUADROBOT, among others.
- Headquarter Palo Alto, United States
- Founders Yuki Liu, Tin Hang Liu, Ampelio Macchi
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Sectors
Transportation, Automotive & LogisticsTechnology
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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
$120 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
Plug and Play Tech Center
& 1 more
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Employee Count
Employee Count
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Products & Services of Open Motors
Open Motors offers a comprehensive portfolio of products and services, including TABBY EVO, EDIT EV, and HyperSwap. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Revolutionary platform for EV research and development services.
Optimized vehicle for mobility-as-a-service and cost efficiency.
Affordable system for fast EV battery exchanges and compatibility.
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Funding Insights of Open Motors
Open Motors has successfully raised a total of $120K across 2 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 2
- Last Round Last Round
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First Round
First Round
(01 Jun 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Seed - Open Motors | Valuation | Plug and Play Tech Center |
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| Jun, 2016 | Amount | Seed - Open Motors | Valuation | Y Combinator |
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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 Open Motors
Open Motors has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Plug and Play Tech Center and Y Combinator. 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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Startups are accelerated and invested in across multiple tech sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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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 Open Motors
| 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 - Open Motors
| 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 |
Open Motors Comparisons
Competitors of Open Motors
Open Motors 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 LEEKR, DeepDrive, Applied EV, REE and QUADROBOT, 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 |
Full-stack vision processing solutions for autonomous driving are provided.
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| domain | founded_year | HQ Location |
Autonomous modular electric vehicle platforms are developed for commercial use.
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| domain | founded_year | HQ Location |
Programmable autonomous solar-powered electric vehicle platforms are developed.
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| domain | founded_year | HQ Location |
Software-defined electric vehicle platforms are manufactured for commercial fleets.
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| domain | founded_year | HQ Location |
Creates re-invented electric vehicles as mobile infrastructure for smart cities.
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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 Open Motors
When was Open Motors founded?
Open Motors was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Open Motors located?
Open Motors is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Open Motors?
Tin Hang Liu is the current CEO of Open Motors. They have also founded this company.
Is Open Motors a funded company?
Open Motors is a funded company, having raised a total of $120K across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Jun 01, 2016.
What does Open Motors do?
Open Motors was founded in 2013 in Palo Alto, United States, within the electric vehicle sector. AI-enabled autonomous electric vehicles are developed, along with management solutions for electric battery swapping. Autonomous white-label vehicles are provided as a service option. Hardware open-source platforms, such as TABBY EVO, are offered for electric vehicle applications. Operations focus on innovation in autonomous mobility and energy management.
Who are the top competitors of Open Motors?
Open Motors's top competitors include DeepDrive, Applied EV and REE.
What products or services does Open Motors offer?
Open Motors offers TABBY EVO, EDIT EV, and HyperSwap.
Who are Open Motors's investors?
Open Motors has 2 investors. Key investors include Plug and Play Tech Center, and Y Combinator.