# Avatr

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Chongqing, China
- Website: www.avatr.com
- Total disclosed funding: $2.3B
- Latest round: Series C (Dec 17, 2024)
- Investors on record: 15

## About

Established in 2018 and based in Chongqing, China, Avita Technology (Chongqing) Co., Ltd., trading under the name Avatr, operates as a smart electric vehicle manufacturer that focuses on intelligent network and new energy automobile industry chain services. The company was co-established by Changan Automobile and Nio Limited. It cooperated with Changan Automobile, Huawei, and Contemporary Amperex Technology, which co-builds the smart electric vehicle technology platform, CHN. Avatr has additional R&D centers in Chongqing, Shanghai, and Munich. In June 2025, Avatr closed a series C+ funding from new investors Yufu High-Quality Industry Fund, HangZhou Capital, China South Demao Capital, Hefei High-Tech Holding Group, Xinping Capital, Guotou Juli Investment Management, Southern Jianxin Investment, Southern Industrial Capital, Beijing Xinneng Venture Capital, GP Capital, Shenzhen Ruiye Shujin Assets, SMEC.

The company provides smart electric vehicles. The first vehicle, Avatr 11, is equipped with a smart aviation system, and 34 sensors that include 3 semi-solid-state lidars, 6-millimeter wave radars, 13 HD cameras, and 12 ultrasonic radars. Avatr also launched Avita 11 Hongmeng Edition, which is capable of supporting multi-screen intelligent interaction and offers a wealth of in-car applications, including QQ Music, Tencent Video, In-car KTV, and Thunderstone KTV. This model also supports Huawei ADS 2.0 Smart Driving. The company also offers AVATR Care, which includes remote diagnosis of vehicle problems and 24-hour minor roadside assistance, and has introduced smart home charging posts.

The company’s revenue is generated by providing intelligent connected and new energy vehicles.

The company will use the series C funding to support the company's market reach.

## Funding rounds

- Series C, Dec 17, 2024, $1.5B — China South Industries Assets Management, Chongqing Yufu Holding, Changan, Bank of Communications Investment
- Series B, Aug 31, 2023, $413M — China South Industries Assets Management, Yufu Capital, Changan, Anhe Equity Investment, Chongqing Chengan, Yuekai Capital, Bank of Communications Investment, KD Southern Fund
- Series A, Aug 2, 2022, $378M — China Merchants Capital, China South Industries Assets Management, Changan, CITIC New Future Investment, Guotou Juli Investment Management, National Green Development Fund, Weihao Chuangxin Capital, Chongqing Chengyun Enterprise Management

## Investors

- China Merchants Capital (https://capitalatlas.ai/funds/china-merchants-capital) — Series A
- China South Industries Assets Management — Series A, Series B, Series C
- Changan — Series A, Series B, Series C
- CITIC New Future Investment (https://capitalatlas.ai/funds/citic-new-future-investment) — Series A
- Guotou Juli Investment Management (https://capitalatlas.ai/funds/guotou-juli-investment-management) — Series A
- National Green Development Fund (https://capitalatlas.ai/funds/national-green-development-fund) — Series A
- Weihao Chuangxin Capital (https://capitalatlas.ai/funds/weihao-chuangxin-capital) — Series A
- Chongqing Chengyun Enterprise Management — Series A
- Yufu Capital (https://capitalatlas.ai/funds/yufu-capital) — Series B
- Anhe Equity Investment (https://capitalatlas.ai/funds/anhe-equity-investment) — Series B
- Chongqing Chengan — Series B
- Yuekai Capital (https://capitalatlas.ai/funds/yuekai-capital) — Series B
- Bank of Communications Investment (https://capitalatlas.ai/funds/bank-of-communications-investment) — Series B, Series C
- KD Southern Fund — Series B
- Chongqing Yufu Holding — Series C