# GMT Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gmt-group-2

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Huzhou, China
- Website: www.goldmt.net
- Total disclosed funding: $84M
- Latest round: Series B (May 17, 2024)
- Investors on record: 10

## About

Founded in 2017 and based in Huzhou, China, GMT Group is a provider of digital equipment and automated production lines that provide intelligent manufacturing solutions for automobiles and auto parts. The company has established R&D centers in Shanghai and Suzhou, and established three production bases in Changxing and Lianyungang. It has set up branch offices in cities such as Shanghai, Suzhou, Guangzhou, and Wuhan. The company has cooperated with companies such as United Automotive Electronics, Huanyu, Minth Group, and Weimax. In May 2024, it raised over CNY 400 million in series B round of funding.

The company's main products include automotive electronic test equipment and electronic control executive unit test equipment. Automotive electronic test equipment provides ICT multi-element electrical parameter characteristic tests and FCT simulated load function tests, etc. Its products are used in fields such as wire-control chassis, three-electric systems, body-in-white welding, and intelligent driving.

The company generates revenue by providing total smart manufacturing solutions and digitized smart equipment.

The company will use the series B funding for overseas strategy, technological innovation, team expansion, main business expansion, and the acquisition of targets at home and abroad.

## Funding rounds

- Series B, May 17, 2024, $55M — Haibang Venture, Vision Plus Capital, Orient Jiafu Asset Management, Zhejiang Changxing Financial Holding Group
- Series A, Apr 19, 2023, $29M — Haitong-Fortis Private Equity Fund Management, Haibang Venture, China Capital Management, Orient Jiafu Asset Management, CETC Fund, Yichen Capital, Cloud Capital, Junrui Investment

## Investors

- Haitong-Fortis Private Equity Fund Management (https://capitalatlas.ai/funds/haitong-fortis-private-equity-fund-management) — Series A
- Haibang Venture — Series A, Series B
- China Capital Management (https://capitalatlas.ai/funds/china-capital-management) — Series A
- Orient Jiafu Asset Management (https://capitalatlas.ai/funds/orient-jiafu-asset-management) — Series A, Series B
- CETC Fund (https://capitalatlas.ai/funds/cetc-fund) — Series A
- Yichen Capital — Series A
- Cloud Capital — Series A
- Junrui Investment (https://capitalatlas.ai/funds/junrui-investment) — Series A
- Vision Plus Capital (https://capitalatlas.ai/funds/vision-plus-capital) — Series B
- Zhejiang Changxing Financial Holding Group — Series B