About Weidu Technology
Weidu Technology is a company based in China.. Weidu Technology has raised $14.73 million across 2 funding rounds from investors including HSBC, CZBank and Jinshajiang Venture Capital.
- Headquarter China
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.73 M (USD)
in 2 rounds
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Latest Funding Round
$40 M (USD), Debt – Conventional
Feb 23, 2024
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Investors
HSBC
& 3 more
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Employee Count
Employee Count
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Funding Insights of Weidu Technology
Weidu Technology has successfully raised a total of $14.73M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $40 million completed in February 2024. 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 Debt – Conventional — $40.0M
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First Round
First Round
(17 Aug 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Debt – Conventional - Weidu Technology | Valuation |
investors |
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| Aug, 2022 | Amount | Angel Round - Weidu Technology | Valuation | Jinshajiang Venture Capital |
| 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 Weidu Technology
Weidu Technology has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include HSBC, CZBank and Jinshajiang Venture 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 | |
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Founded Year | Domain | Location | |
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Universal banking and financial advisory services are provided globally.
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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 Weidu Technology
| 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 - Weidu Technology
| 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 |
Weidu Technology Comparisons
Competitors of Weidu Technology
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Weidu Technology
Where is Weidu Technology located?
Weidu Technology is headquartered in China.
Is Weidu Technology a funded company?
Weidu Technology is a funded company, having raised a total of $14.73M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $14.73M, raised on Aug 17, 2022.
What does Weidu Technology do?
Weidu Technology is situated in China within the automotive sector. Electric trucks and vehicles are developed and produced for heavy-duty and long-distance applications. Operations encompass the engineering of powertrains and chassis tailored to commercial transport demands. The domain weidutechnology.tcc.mode supports online presence, with activities centered on advancing electric mobility solutions in the region.