# Aurora Steed

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aurora-steed

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Jinan, China
- Website: www.cssmart.com
- Total disclosed funding: $137M
- Latest round: Series B (Oct 30, 2023)
- Investors on record: 4

## About

Based in Jinan, China, and founded in 2018, Aurora Steed operates as a new energy vehicle design and manufacturing service provider, specializing in providing pure electric vehicles for logistics. Its factory covers an area of more than 500 acres, including a research and development center, a battery assembly workshop, a 35kV substation, and a cold processing workshop for aluminum alloy parts. The company has a national record of vehicle production qualification. In December 2021, it closed a strategic investment from Shandong Institute of Industrial Technology. In October 2023, Aurora Steed raised approximately CNY 1 billion in series B funding led by Hidden Hill Capital.

Aurora Steed specializes in developing express and unmanned logistics vehicles based on smart factories and 5G Telematics technology. Its main products include self-driving extermination and epidemic prevention delivery vehicles, single-row vans, mobile intelligent health service vehicles, and 0ZAI zero-load unmanned vehicles. The automobiles manufactured by the company can be used in end-of-line logistics and distribution scenarios.

## Funding rounds

- Series B, Oct 30, 2023, $137M — GLP Capital Partners, Ganfeng Lithium Group, Beijing Gravity Investment, Zhongxiang Jusheng

## Investors

- GLP Capital Partners (https://capitalatlas.ai/funds/glp-capital-partners) — Series B
- Ganfeng Lithium Group — Series B
- Beijing Gravity Investment (https://capitalatlas.ai/funds/beijing-gravity-investment) — Series B
- Zhongxiang Jusheng — Series B