About U Power
U Power is a Transportation, Automotive & Logistics company based in Hefei (China) founded in 2021 by Paul Li and Yao Zhai. AI-driven super boards are manufactured for electric vehicle design. Its chief executive, as recorded, is Paul Li. Its focus areas include Energy Tech, Electric Vehicles, Components and Transmission Systems. Its competitors include G-edrive, Asia New Energy Auto Network and GOGOBEST; 2 of its 3 listed competitors have raised funding.
Company details
U Power was founded in 2021 in Hefei, China, and operates in the electric vehicle sector. AI-driven super boards are produced by the company for integration with smart EVs, encompassing e-propulsion, suspension, braking, steering, smart driving, and thermal systems. These components support the design and functionality of electric cars through advanced hardware solutions.
- Headquarters Hefei, China
- Founders Paul Li, Yao Zhai
- SectorsTransportation, Automotive & Logistics
- Website en.upower.com
- Social LinkedIn YouTube
- InvestorsHefei Industrial Investment Holdings
& 7 more
Apps and channels of U Power
its YouTube channel UPOWER has 158 subscribers and 20 videos.
Videos from U Power
The most watched videos on U Power's YouTube channel, UPOWER (158 subscribers). Click a video to play it here.
More on UPOWER.
Funding Insights of U Power
- Total Rounds 3
- Investors Count 8
All 3 funding rounds of U Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | Series B | – | Hefei Industrial Investment Holdings | ||
| May 2023 | Series B | – | Hefei Industrial Investment Holdings, gddongchuang.com | ||
| Aug 2021 | Seed | – | Matrix Partners China, Zhen Fund | – |
8 investors in total: 8 institutional.
Investors in U Power
U Power has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Hefei Industrial Investment Holdings, Xuzhou Industrial Development Fund and Boyuan Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Boyuan Capital is focused on deep tech investments in China. | 2021 | boyuancap.com | Shanghai, China | |
Multiple sectors are invested in by this venture capital firm. | matrixpartners.com.cn | Chaoyang, China | ||
Early-stage investments in advanced technologies are focused on. | ccvcap.com | Singapore, Singapore | ||
Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US | zhenfund.com | Beijing, China | ||
| huoyancapital.tcc.mode | ||||
Functions as an investment management firm focusing on industrial holdings. | 2015 | hfctjt.com | Hefei, China | |
A fund of funds dedicated to supporting industrial development through strategic investments. | 2016 | xzidf.cn | Xuzhou, China | |
| gddongchuang.com |
Investor details for U Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of U Power
2 people are tracked at U Power (2 in leadership).
| Name | Role | Group |
|---|---|---|
Paul Li | Co-Founder & CEO | Leadership |
Yao Zhai | Co-Founder | Leadership |
Complete people profiles for U Power
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of U Power
3 dated milestones of U Power across 3 years, from founding to its latest funding, stage changes and deals.
- Founded U Power is founded.
- Funding First funding round.
- Funding Latest funding round, Series B,.
Competitors of U Power
U Power has 3 listed competitors in our database, 2 of them funded. They include G-edrive, Asia New Energy Auto Network and GOGOBEST.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| g-edrive.com | 2018 | Beijing, China | $7.13M | Powertrains, electric drives, and transmission systems for EVs are manufactured. | ||
| asianev.com | 2017 | Shenzhen, China | $840,748 | Online B2C marketplace for EV and related parts | ||
| gogobest.com | 2018 | Shenzhen, China | Offers electric bikes, parts, and accessories for online purchase with fast delivery. |
Detailed competitors of U Power
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about U Power
Complete news archive for U Power
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about U Power
U Power was founded in 2021.
U Power is headquartered in Hefei, China. It is registered at Hefei, Anhui, China.
Paul Li is the CEO of U Power, as recorded in our data. They have also founded this company.
U Power was founded in 2021 in Hefei, China, and operates in the electric vehicle sector. AI-driven super boards are produced by the company for integration with smart EVs, encompassing e-propulsion, suspension, braking, steering, smart driving, and thermal systems. These components support the design and functionality of electric cars through advanced hardware solutions.
U Power's top competitors include G-edrive, Asia New Energy Auto Network and GOGOBEST.
U Power has 8 investors. Key investors include Hefei Industrial Investment Holdings, Xuzhou Industrial Development Fund, Boyuan Capital, gddongchuang.com, and Matrix Partners China.