# Beijing Waytous

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beijing-waytous

- Industry: Software
- Headquarters: Beijing, China
- Website: www.waytous.com
- Total disclosed funding: $76M
- Latest round: Series C (Jan 13, 2022)
- Investors on record: 8

## About

Founded in 2019 and headquartered in Beijing, China, Beijing Waytous was established as a wholly subsidiary of Qingdao Huituo Intelligent Machinery Co., Ltd. to focus on intelligent mining technologies solutions. The company's CEO, Mr. Long Chen, has a background in developing technology sofware for the mining sector. Beijing Waytous develops advanced intelligent mining technologies focused on automation and digitization. Their key offering, the Avatar Driver System, utilizes 5G technology for remote driving in diverse operational settings such as mines and logistics parks. Their portfolio includes autonomous fleet management systems, V2X roadside cooperation systems, and intelligent safety mechanisms designed to improve efficiency and sustainability in the mining sector, catering to clients in coal, metallurgy, nonferrous metals, and logistics markets. Beijing Waytous generates revenue primarily through B2B transactions with clients in the mining and industrial sectors. Their pricing model allows customization of flagship products like the Avatar Driver System to fit various client needs. They also engage in partnerships and subscription agreements, providing ongoing support and updates for their technologies, thus ensuring operational efficiency and enhanced safety in challenging environments.

## Funding rounds

- Series C, Jan 13, 2022, $47M — Brown Brothers Harriman, Yuexiu Industrial Investment Funds Management, Bohai Zhongsheng Industrial Fund Management, CICC Transnational Fund
- Series A, Mar 5, 2020, $14M — Hina Group, Cathay Capital, Sigma Square Capital
- Series A, Jul 17, 2019, $15M — Hina Group, SAIF Partners, Sigma Square Capital

## Investors

- Hina Group (https://capitalatlas.ai/funds/hina-group) — Series A
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series A
- Sigma Square Capital (https://capitalatlas.ai/funds/sigma-square-capital) — Series A
- Cathay Capital — Series A
- Brown Brothers Harriman (https://capitalatlas.ai/funds/brown-brothers-harriman) — Series C
- Yuexiu Industrial Investment Funds Management (https://capitalatlas.ai/funds/yuexiu-industrial-investment-funds-management) — Series C
- Bohai Zhongsheng Industrial Fund Management — Series C
- CICC Transnational Fund — Series C