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
- SectorsTransportation, Automotive & Logistics
- Total Equity Funding$14.73M (USD)
in 2 rounds
- Latest Funding Round$40M (USD), Debt – Conventional
Feb 2024
- InvestorsHSBC
& 3 more
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 $14.73M
- Total Rounds 2
- Last Round Debt – Conventional — $40M
- First Round $14.73M
(Aug 2022)
- Investors Count 4
All 2 funding rounds of Weidu Technology 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 |
|---|---|---|---|---|---|
| Feb 2024 | $40M | Debt – Conventional | – | – | |
| Aug 2022 | $14.73M | Angel Round | – | Jinshajiang Venture Capital |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | jinshajiangventurecapital.tcc.mode | - | |
- | – | juecapital.com | - | |
Universal banking and financial advisory services are provided globally. | 1865 | hsbc.com | London, United Kingdom | |
Commercial banking services are offered to corporations and individuals. | 2004 | czbank.com | Hangzhou, China |
Investor details for Weidu Technology
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.
Timeline of Weidu Technology
2 dated milestones of Weidu Technology across 2 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $14.7M.
- Funding Latest funding round, Debt – Conventional, of $40.0M.
Similar companies to Weidu Technology
10 companies that operate in the same segment as Weidu Technology (Commercial & Off-Highway Vehicles), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Vehicle leasing, fleet management, and outsourcing services are provided. | 1989 | Leeds, England, United Kingdom | USD 99.22 M | – | – | |
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Lynkit develops telematic systems for enterprise fleet tracking. | 2017 | Delhi, Delhi, India | – | USD 2.06 M | 100 | |
Assets like trucks and storage are supplied and maintained. | 1935 | Milton Keynes, United Kingdom | – | – | 1,059 | |
Provides AI tools for attendance, fleet management, and customer support systems. | 2013 | Bengaluru, Karnataka, India | – | USD 70.66 K | 42 | |
Trucks and transport solutions are designed, produced, and distributed. | 1978 | Lyon, Auvergne-rhone-alpes, France | USD 966.44 K | – | – | |
Automotive commercial vehicles are manufactured by Farizon Auto in China. | 2016 | China | USD 900 M | – | – | |
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Frequently Asked Questions about Weidu Technology
Weidu Technology is headquartered in China.
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 2022.
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.