Core Viewpoint - Xiangdao Mobility has completed a C-round financing of over 1.3 billion RMB, marking the largest single financing in China's mobility sector in the past three years, and has initiated a Hong Kong IPO plan [1] Company Summary - The C-round financing was backed by SAIC Group, industry funds, and local government institutions, indicating strong recognition of Xiangdao Mobility's "one-stop smart mobility comprehensive" strategy [1] - Since its establishment in 2018, Xiangdao Mobility has completed multiple financing rounds, including partnerships with Alibaba and CATL in the A-round and collaborations with Momenta and Amap in the B-round, focusing on the autonomous driving sector [1] - The company's business segments include personal mobility, corporate mobility, and future mobility, primarily centered in Shanghai and expanded to nearly 80 cities across the Yangtze River Delta region [1] - Xiangdao Mobility's ride-hailing business has seen a significant increase in daily orders, leading to a positive gross margin expected in the first half of 2024 [1] - As the first L4-level autonomous driving operation platform backed by an automotive company in China, Xiangdao Mobility has completed over 330,000 orders since launching its Robotaxi service at the end of 2021 [1] Industry Summary - Following the completion of the C-round financing, Xiangdao Mobility plans to extend its personal mobility services to overseas markets and collaborate with Momenta to establish an L4-level Robotaxi fleet in Shanghai, aiming for a fleet size of 200 vehicles by 2026 [2] - The global Robotaxi sector is rapidly advancing, driven by major players like Tesla and Baidu, with Goldman Sachs projecting 500,000 Robotaxis operating in over 10 cities in China by 2030 and a market size of $47 billion by 2035, with profitability expected to begin in 2026 in first-tier cities [2] - Increased competition and pressure on profitability in the autonomous driving sector have led companies to pursue IPOs for further development, with Xiangdao Mobility and others like Cao Cao Mobility seeking listings in Hong Kong [2]
获13亿元融资,享道出行加速冲刺港股IPO
Huan Qiu Lao Hu Cai Jing·2025-05-12 08:03