About U Power
U Power is a company based in Hefei (China) founded in 2021 by Paul Li and Yao Zhai.. U Power operates in a competitive market with competitors including G-edrive, Asia New Energy Auto Network, GOGOBEST, Henan Hamster U-Car Automobile Trading and Ailife, among others.
- Headquarter Hefei, China
- Founders Paul Li, Yao Zhai
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
Hefei Industrial Investment Holdings
& 7 more
-
Employee Count
Employee Count
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
Funding Insights of U Power
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series B - U Power | Valuation | Hefei Industrial Investment Holdings | |
| May, 2023 | Amount | Series B - U Power | Valuation | Hefei Industrial Investment Holdings , unknown | |
| Aug, 2021 | Amount | Seed - U Power | Valuation | Matrix Partners China , Zhen Fund |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Boyuan Capital is focused on deep tech investments in China.
|
Founded Year | Domain | Location | |
|
Multiple sectors are invested in by this venture capital firm.
|
Founded Year | Domain | Location | |
|
Early-stage investments in advanced technologies are focused on.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by U Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - U Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
U Power Comparisons
Competitors of U Power
U Power 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 G-edrive, Asia New Energy Auto Network, GOGOBEST, Henan Hamster U-Car Automobile Trading and Ailife, 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 |
Powertrains, electric drives, and transmission systems for EVs are manufactured.
|
|
| domain | founded_year | HQ Location |
Online B2C marketplace for EV and related parts
|
|
| domain | founded_year | HQ Location |
Offers electric bikes, parts, and accessories for online purchase with fast delivery.
|
|
| domain | founded_year | HQ Location |
Manufactures and exports vehicles, including electric cars.
|
|
| domain | founded_year | HQ Location |
Manages an online e-commerce store specializing in electric vehicles.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on U Power
Frequently Asked Questions about U Power
When was U Power founded?
U Power was founded in 2021.
Where is U Power located?
U Power is headquartered in Hefei, China. It is registered at Hefei, Anhui, China.
Who is the current CEO of U Power?
Paul Li is the current CEO of U Power. They have also founded this company.
What does U Power do?
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.
Who are the top competitors of U Power?
U Power's top competitors include G-edrive, Asia New Energy Auto Network and GOGOBEST.
Who are U Power's investors?
U Power has 8 investors. Key investors include Hefei Industrial Investment Holdings, Xuzhou Industrial Development Fund, Boyuan Capital, unknown, and Matrix Partners China.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.