# Abup

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/abup

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Shanghai, China
- Website: www.abupdate.com
- Total disclosed funding: $38M
- Latest round: Series B (Aug 8, 2023)
- Investors on record: 7

## About

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. In December 2023, Abup raised strategic investment for approximately CNY 100 million.


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). The company's OTA products are mainly oriented to the automotive industry and can provide vehicle owners with application services for in-vehicle controls such as audio-visual entertainment, seat massage, ambient lighting, etc., as well as remote upgrade services for software and hardware of the car's engine and battery management system.

## Funding rounds

- Series B, Aug 8, 2023, $5.5M — Juzhuo Capital, Anhui Guoyao Venture Capital Management
- Series B, Apr 16, 2023, $8.7M — Shang Qi Capital, Shandong Hi-Speed Investment Holdings
- Series B, Oct 17, 2022, $14M — Anhui Guoyao Venture Capital Management, Beijing Richest Investment Management
- Series A, Nov 30, 2020, $10M — Cathay Capital, Shanghai Zhangjiang Science & Technology Venture Capital

## Investors

- Cathay Capital — Series A
- Shanghai Zhangjiang Science & Technology Venture Capital — Series A
- Anhui Guoyao Venture Capital Management (https://capitalatlas.ai/funds/anhui-guoyao-venture-capital-management) — Series B
- Beijing Richest Investment Management (https://capitalatlas.ai/funds/beijing-richest-investment-management) — Series B
- Shang Qi Capital (https://capitalatlas.ai/funds/shang-qi-capital) — Series B
- Shandong Hi-Speed Investment Holdings — Series B
- Juzhuo Capital (https://capitalatlas.ai/funds/juzhuo-capital) — Series B