# CiDi

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Changsha, China
- Website: www.cidi.ai
- Total disclosed funding: $167M
- Latest round: Series C (May 6, 2022)
- Investors on record: 22

## About

Established in 2017 and based in Changsha, China, CiDi Inc., trading as CiDi, is an auto technology company that focuses on the research and development of intelligent driving commercial vehicles and products. The company's founder is Professor Li Zexiang who served as a robotics entrepreneur and mentor at HKUST. The company's co-founder and CEO Wei Ma is the former director of system research and development at the Kilby Institute of Texas Instruments. The company has 12,000 square meters of R&D centers in Changsha. The company has obtained testing permits on public roads for the Society of Automotive Engineers (SAE) Level 4 trucks which can run at over 100km/h on highways. In December 2025, CiDi Ltd. raised HKD 1.422 billion in an IPO, selling 5.407 million shares at HKD 263 per share at the Hong Kong Exchange and Clearing Ltd (HKEX), under the ticker "3881".


The company's products can be divided into intelligent driving vehicles and intelligent connections. Intelligent driving vehicles include driving assistance systems, self-driving trucks, self-driving mining trucks, intelligence sweepers, and intelligent multi-functional refrigerated trailers. Intelligent connections include intelligent connected road management systems, traffic signal sensing terminals, intelligent traffic incident lidars and cameras, and intelligent traffic tracking radars. Core technologies include multiple sensor fusion, deep learning, autonomous decision-making,high-precision positioning, and Vehicle-to-Everything (V2X) car networking.

The company generates revenue by doing R&D, and providing solutions for autonomous driving and other related products.

## Funding rounds

- Series C, May 6, 2022, $45M — Genertec Investment Fund, Qiandao Investment Fund Management, Chengdu Science and Technology Innovation Investment Group, Hunan Ruishi Capital
- Series B, Apr 8, 2021, $46M — Jolmo Capital, Legend Star, Xin Ding Capital, Baidu Ventures, Qiandao Investment Fund Management, Hunan Xingxiang Investment Holding Group, Wolongjishu, Hunan Ruishi Capital
- Series B, Jan 14, 2021, $62M — Founder H Fund, Xin Ding Capital, Qinghao Capital, Hunan Yunfa Equity Investment Management
- Series A, Aug 20, 2020, $14M — Founder H Fund, Sunz Fund, Liangjiang Capital
- Series A, Dec 9, 2019 — Founder H Fund, Lu Valley Venture Capital
- Series A, Oct 12, 2018 — China Everbright, Legend Star, Guangkong Zhongying Capital
- Angel, Mar 20, 2018 — Hong Shan, Legend Star, Baidu Capital, Guangkong Zhongying Capital, Lens Technology, Yuewan Huasheng Capital

## Investors

- Hong Shan — Angel
- Legend Star (https://capitalatlas.ai/funds/legend-star) — Angel, Series A, Series B
- Baidu Capital (https://capitalatlas.ai/funds/baidu-capital) — Angel
- Guangkong Zhongying Capital (https://capitalatlas.ai/funds/guangkong-zhongying-capital) — Angel, Series A
- Lens Technology — Angel
- Yuewan Huasheng Capital (https://capitalatlas.ai/funds/yuewan-huasheng-capital) — Angel
- China Everbright (https://capitalatlas.ai/funds/china-everbright) — Series A
- Founder H Fund (https://capitalatlas.ai/funds/founder-h-fund) — Series A, Series B
- Lu Valley Venture Capital — Series A
- Sunz Fund (https://capitalatlas.ai/funds/sunz-fund) — Series A
- Liangjiang Capital — Series A
- Xin Ding Capital (https://capitalatlas.ai/funds/xin-ding-capital) — Series B
- Qinghao Capital (https://capitalatlas.ai/funds/qinghao-capital) — Series B
- Hunan Yunfa Equity Investment Management — Series B
- Jolmo Capital (https://capitalatlas.ai/funds/jolmo-capital) — Series B
- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Series B
- Qiandao Investment Fund Management (https://capitalatlas.ai/funds/qiandao-investment-fund-management) — Series B, Series C
- Hunan Xingxiang Investment Holding Group (https://capitalatlas.ai/funds/hunan-xingxiang-investment-holding-group) — Series B
- Wolongjishu — Series B
- Hunan Ruishi Capital (https://capitalatlas.ai/funds/hunan-ruishi-capital) — Series B, Series C
- Genertec Investment Fund (https://capitalatlas.ai/funds/genertec-investment-fund) — Series C
- Chengdu Science and Technology Innovation Investment Group — Series C