About PAI
PAI is a company based in Shanghai (China) founded in 2021 by Hongtao Ning and Xin Yan.. PAI has raised $14.07 million across 1 funding round from investors including Hegao Capital. PAI operates in a competitive market with competitors including Segway-Ninebot, Kandi Technologies, Yadea, Airwheel and Kuailun, among others.
- Headquarter Shanghai, China
- Founders Hongtao Ning, Xin Yan
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.07 M (USD)
in 1 rounds
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Latest Funding Round
$14.07 M (USD), Series A
Jun 01, 2023
- Investors
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Employee Count
Employee Count
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Funding Insights of PAI
PAI has successfully raised a total of $14.07M through 1 strategic funding round. The most recent funding activity was a Series A round of $14.07 million completed in June 2023. 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 — $14.1M
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First Round
First Round
(01 Jun 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - PAI | Valuation |
investors |
| 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 PAI
PAI has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hegao 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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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 PAI
| 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 - PAI
| 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 |
Pai Comparisons
Competitors of PAI
PAI 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 Segway-Ninebot, Kandi Technologies, Yadea, Airwheel and Kuailun, 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 |
Multi-category electric vehicles and robots are manufactured by Segway-Ninebot.
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| domain | founded_year | HQ Location |
Multi-category electric vehicles are developed by Kandi Technologies.
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| domain | founded_year | HQ Location |
Electric scooters and vehicles are manufactured by Yadea in China.
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| domain | founded_year | HQ Location |
Electric personal transport equipment and bicycles are developed worldwide.
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| domain | founded_year | HQ Location |
Electric personal transport equipment is manufactured, including unicycles and skateboards.
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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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Latest news on Pai
Frequently Asked Questions about PAI
When was PAI founded?
PAI was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is PAI located?
PAI is headquartered in Shanghai, China.
Is PAI a funded company?
PAI is a funded company, having raised a total of $14.07M across 1 funding round to date. The company's 1st funding round was a Series A of $14.07M, raised on Jun 01, 2023.
What does PAI do?
PAI was established in 2021 and is based in Shanghai, China. Focus is placed on the electric vehicle sector, where smart electric motorcycles are developed and produced. Automotive-grade three electric systems, voice-activated riding assistants, and central control screens are integrated into the designs. USB charging ports, cruise control functions, and storage compartments are also included in the vehicles. Manufacturing and development operations are conducted from the companys location.
Who are the top competitors of PAI?
PAI's top competitors include Segway-Ninebot, Kandi Technologies and Airwheel.
Who are PAI's investors?
PAI has 1 investor. Key investors include Hegao Capital.