Abup

Automobiles, Other Vehicles & PartsSeries BShanghai, Chinaabupdate.com

Latest round

Series B

Last raised

Aug 2023

Total raised

$38M

Investors

7

About Abup

Established in 2017 and based in Shanghai, China, Abup is an automotive technology company that provides big data services, OTA products, and related solutions, which has been recognized as a national dual-soft enterprise and a high-tech enterprise. As of 2023, the team has more than 160 employees and more than 80% of R&D staff. The subsidiaries and offices are located in Beijing, Shenzhen, Hefei, and Chongqing. In 2020, it promoted Open-FOTA solutions and cooperated with ST and Guanghetong. The company owns 7 relevant patents and 37 software copyrights in the field of OTA and has acquired the international software CMMI-3 level certification and ISO9001:2015 quality certification. The company's products include the OTA cloud platform, which is subdivided into SOTA (automotive software upgrade), FOTA (automotive hardware upgrade), DOTA (intelligent cloud diagnostics), and VSP (automotive software management platform)., as well as remote upgrade services for software and hardware of the car's engine and battery management system.

Who invested in Abup

7 investors across 4 rounds

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Funding rounds

  1. Series B

    Aug 8, 2023

    Amount

    $5.5M

    Investors

    Locked

  2. Series B

    Apr 16, 2023

    Amount

    $8.7M

    Investors

    Locked

  3. Series B

    Oct 17, 2022

    Amount

    $14M

    Investors

    Locked

  4. Series A

    Nov 30, 2020

    Amount

    $10M

    Investors

    Locked

Questions about Abup

Who invested in Abup?

Abup has 7 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Abup raised?

Abup has raised 4 venture rounds. Sign up free to see how much each round raised and the total.

When did Abup last raise money?

Abup's most recent round on record is a Series B, in Aug 2023.

What does Abup do?

Established in 2017 and based in Shanghai, China, Abup is an automotive technology company that provides big data services, OTA products, and related solutions, which has been recognized as a national dual-soft enterprise and a high-tech enterprise.

Where is Abup headquartered?

Abup is headquartered in Shanghai, China.

Which VCs invest in companies like Abup?

Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back automobiles, other vehicles & parts companies at Abup's stage. Their profiles are linked below.

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