About WM Motor
WM Motor is a company based in Shanghai (China) founded in 2015 by Lobo Lu. It operates as a Direct-to-Consumer (D2C). WM Motor has raised $4.62 billion across 8 funding rounds from investors including Tencent, Baidu and BOC. WM Motor offers products and services including Electric Vehicles. WM Motor operates in a competitive market with competitors including Tesla, Polestar, NIO, Fisker and Beijing Che Lixing Information Technology, among others.
- Headquarter Shanghai, China
- Founders Lobo Lu
- Stage Unicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website wm-motor.com
- Social LinkedIn
- Legal Name Wm Smart Mobility Technology (Shanghai) Co., Ltd.
- Total Equity Funding$4.62B (USD)
in 8 rounds
- Latest Funding Round$152M (USD), Series D
Dec 2021
- InvestorsTencent
& 29 more
Products & Services of WM Motor
WM Motor offers a comprehensive portfolio of products and services, including Electric Vehicles.
Electric vehicles are manufactured for sustainable personal transportation.
Funding Insights of WM Motor
WM Motor has successfully raised a total of $4.62B across 8 strategic funding rounds. The most recent funding activity was a Series D round of $152 million completed in December 2021. 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 $4.62B
- Total Rounds 8
- Last Round Series D — $152M
- First Round $150.19M
(Aug 2016)
- Investors Count 30
All 8 funding rounds of WM Motor 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 2021 | $152M | Series D | – | Agile Group Holdings | – |
| Oct 2021 | $300M | Series D | – | PCCW Global, Shun Tak Holdings | – |
| Feb 2021 | $1.78B | Debt – Conventional | – | – | |
| Sep 2020 | $1.47B | Series D | – | SAIC Motor | |
| Mar 2019 | $446.87M | Series C | $5B | Baidu Ventures | |
| Oct 2018 | $288.09M | Series B | – | Baidu Ventures | |
| Dec 2017 | $1.81B | Series B | – | Baidu Ventures | |
| Aug 2016 | $150.19M | Series A | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2019 | $5B | •••••••• |
Last known valuation $5B (Mar 2019). 30 investors in total: 30 institutional.
Investors in WM Motor
WM Motor has secured backing from 30 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Baidu and BOC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech companies in China are invested in by SIG China. | – | sig-china.com | Shanghai, China | |
Linear Capital is recognized as a frontier tech investment fund. | 2014 | linear.vc | Shanghai, China | |
Early and growth stage tech-focused VC firm investing primarily in China | – | amebacapital.com | Shanghai, China | |
Provider of real estate, and property development services | 1992 | agile.com.cn | Guangzhou, China | |
Offers data and voice solutions to multinational enterprises worldwide. | 2000 | pccwglobal.com | Hong Kong, China | |
Financial holding operations are managed from Hong Kong since 1972. | 1972 | shuntakgroup.com | Hong Kong, China | |
- | – | sigchina.com | - | |
Commercial banking services are provided internationally by ICBC since 1984. | 1984 | icbc-ltd.com | Beijing, China | |
Firm focused on consumption, biomedicine, intelligent manufacturing, and technology sectors | 1951 | abchina.com | Beijing, China | |
International commercial banking services are provided by Bank of China. | 1912 | boc.cn | Beijing, China |
Investor details for WM Motor
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 WM Motor
20 people are tracked at WM Motor (9 in leadership, 11 in team).
| Name | Role | Group |
|---|---|---|
Lobo Lu | Co-Founder | Leadership |
Chenny CHEN（陈全员） | Sr. Director | Leadership |
Jesse Zhai | HR Director | Leadership |
Thomas Lin | VP of WM Motor, product planning & Intelligent System | Leadership |
Jarvis Yan | CTO | Leadership |
Zhengjun Shen | Executive Vice President | Leadership |
Zizhu Zhang | Director Of Manufacturing | Leadership |
Freeman Shen | Founder and CEO | Leadership |
Zhaohui Liu 刘朝晖 | Investment Partner | Leadership |
Amber Wang | Business Analysis Manager | Team |
敏 钱 | HR | Team |
jakay qian | Operations Manager | Team |
Jack Xie | Safety Engineer | Team |
Vincent Xue | Senior Human Resources Manager | Team |
Jianan (Canaan) ZHENG | Recruitment Manager | Team |
Amy L | Intelligent Software Quality Project Manager | Team |
Sherry zhou | 衍生服务主管 | Team |
Luwen Zhang | Quality Improvement Lead Engineer | Team |
Yiming Guan | Digital Marketing Product Engineer | Team |
Deyou Yin | Vehicle Project Management Senior Manager | Team |
Complete people profiles for WM Motor
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 WM Motor
4 dated milestones of WM Motor across 6 years, from founding to its latest funding, stage changes and deals.
- Founded WM Motor is founded.
- Funding First funding round of $150.2M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series D, of $152.0M.
Competitors of WM Motor
WM Motor 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 Tesla, Polestar, NIO, Fisker and Beijing Che Lixing Information Technology, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tesla.com | 2003 | Austin, United States | $583.76M | 125,665 | Electric vehicles and solar energy products are manufactured. | |
| polestar.com | 1996 | Gothenburg, Sweden | $550M | – | Electric vehicles are manufactured and developed by Polestar. | |
| nio.com | 2014 | Shanghai, China | $1.1B | 38,820 | AI-enabled electric vehicles and battery-swapping systems are developed by NIO. | |
| fiskerinc.com | 2007 | Los Angeles, United States | $1.11B | 1,195 | Electric vehicles are manufactured and leased by Fisker Inc. | |
| lixiang.com | 2015 | Beijing, China | $1.58B | 6,726 | Electric SUVs are manufactured in Beijing, China. | |
| ninebot.com | 2012 | Beijing, China | $240M | – | Multi-category electric vehicles and robots are manufactured by Segway-Ninebot. | |
| xiaopeng.com | 2014 | Guangzhou, China | $2.65B | 13,550 | AI-enabled electric cars are developed and manufactured by Xiaopeng. | |
| sonomotors.com | 2013 | Munich, Germany | $120.09M | 409 | Developer of a solar-powered electric car | |
| aptera.us | 2005 | Carlsbad, United States | $83.45M | 91 | Solar-powered electric vehicles are manufactured by Aptera Motors. |
Detailed competitors of WM Motor
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.
Web traffic of WM Motor
The website of WM Motor (wm-motor.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 2.9% vs previous month
Latest news on Wm Motor
Complete news archive for WM Motor
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.
Similar companies to WM Motor
10 companies that operate in the same segment as WM Motor (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about WM Motor
WM Motor was founded in 2015 and raised its 1st funding round 1 year after it was founded.
WM Motor is headquartered in Shanghai, China.
WM Motor is a funded company, having raised a total of $4.62B across 8 funding rounds to date. The company's 1st funding round was a Series A of $150.19M, raised on Aug 2016.
WM Motor, based in Shanghai, China, is focused on the development and production of electric vehicles for sustainable personal transportation. The company operates within the automotive sector, emphasizing innovative mobility solutions. Its offerings are designed to cater to the growing demand for eco-friendly transport options in the global market.
WM Motor's top competitors include Polestar, Beijing Che Lixing Information Technology and Fisker.
WM Motor offers Electric Vehicles.
WM Motor has 30 investors. Key investors include Tencent, Baidu, BOC, China Merchants Bank, and China Construction Bank.
The valuation of WM Motor is $5B as of Mar 2019.
WM Motor operates through Wm Smart Mobility Technology (Shanghai) Co., Ltd..