# Guangzhou Qichen Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/guangzhou-qichen-technology-co

- Industry: Transportation Services
- Headquarters: Guangzhou, China
- Website: www.ruqimobility.com
- Total disclosed funding: $151M
- Latest round: Series A (Apr 26, 2022)
- Investors on record: 8

## About

Based in Guangzhou, China, and established in 2018, Guangzhou Qichen Technology Co., Ltd. operates as a technology company that focuses on providing intelligent transportation services. It was recognized as the National High-tech Enterprise. Hua Jiang, the executive director and chief executive officer of the company, graduated from Sun Yat-sen University and used to work at Guangzhou Automobile Group. The company was established by multiple investors, including Tencent Investment, and Guangzhou Automobile Group Co., Ltd. The company cooperated with Didi, Guangzhou Public Transport, and other enterprises. Its intelligent mobile transportation platform was launched and operated in Guangzhou in June 2019. In June 2024, the company closed a pre-IPO funding. In July 2024, the company was listed on the Hong Kong Exchanges and Clearing Limited.

The company operates intelligent ride-hailing transportation platforms. Its business covers the operation and management of vehicles and drivers, electric vehicle battery charging, intelligent mobile mobility services, etc. Intelligent mobile mobility business includes the types of online taxi, ride-sharing, corporate vehicles, etc. The company developed the Robotaxi operations monitoring platform as well as a vehicle management system. It also offers commercialized autonomous driving solutions. The company's services have covered multiple cities, including Guangzhou, Foshan, Shenzhen, and other cities. 

The company generates revenue by providing intelligent transportation and related services.

The company will use the IPO funding for the research and development of self-driving technology, Robotaxi operation service, AI platform, data solutions, etc.

## Funding rounds

- Series A, Apr 26, 2022, $151M — SPARX Group, Guangzhou WeRide Technologies Co., Ltd., Pony.ai, Inc., Gongkong Capital, Pilgrim Partners Asia, Guangzhou Industry Investment Holding Group, Guangzhou Automobile Group, Guangzhou Lingnan Group Holdings Company Limited

## Investors

- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series A
- Guangzhou WeRide Technologies Co., Ltd. — Series A
- Pony.ai, Inc. — Series A
- Gongkong Capital (https://capitalatlas.ai/funds/gongkong-capital) — Series A
- Pilgrim Partners Asia (https://capitalatlas.ai/funds/pilgrim-partners-asia) — Series A
- Guangzhou Industry Investment Holding Group (https://capitalatlas.ai/funds/guangzhou-industry-investment-holding-group) — Series A
- Guangzhou Automobile Group — Series A
- Guangzhou Lingnan Group Holdings Company Limited — Series A