# Easymove

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Ordos, China
- Website: www.easymoveme.com
- Total disclosed funding: $15M
- Latest round: Series A (Mar 22, 2023)
- Investors on record: 3

## About

Based in China, Easymove is a technology company that focuses on R&D, design, production, and sales of trucks, and engineering machinery equipment. The company's founding team is from the Department of Automotive Engineering, Tsinghua University. Its core team has nearly 20 years of experience in the development, production and sales of mining engineering vehicles and electric vehicles. As of 2023, the firm has nearly 100 employees.

The company provides engineering machinery equipment and trucks. The truck was designed to more width than normal trucks and can load 200 tons, which are used for mining areas. The truck developed the innovative undercarriage system, taking the technologies of distributed electric drive, multi-module electrical, and control algorithm architecture, which is a breakthrough in powertrain limitations and dependence on imported components. The truck supports multiple energy supply methods such as lithium-ion batteries or hydrogen fuel cells. Moreover, the truck also supports the unmanned driving function.

In the future, the company will develop intelligent mining truck chassis, control system and intelligent system, as well as the R&D, manufacturing and testing of EM165 and EM185.

## Funding rounds

- Series A, Mar 22, 2023, $15M — Vertex Ventures China, Orient Jiafu Asset Management
- Angel, May 19, 2022 — Vertex Ventures China, BRV Aster

## Investors

- Vertex Ventures China (https://capitalatlas.ai/funds/vertex-ventures-china) — Angel, Series A
- BRV Aster — Angel
- Orient Jiafu Asset Management (https://capitalatlas.ai/funds/orient-jiafu-asset-management) — Series A