# IAT Automobile Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iat-automobile-technology

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Beijing, China
- Website: www.iat-auto.com
- Total disclosed funding: $28M
- Latest round: Series C (Mar 7, 2011)
- Investors on record: 8

## About

Founded in 2007 and based in Beijing, China, IAT Automobile Technology develops and provides automobile solutions to enterprises, involved in automotive design, development and engineering services. The company has set up 5 research and development centers in US, Japan, Italy, Shanghai, and Beijing. It also established 11 subsidiaries. The chairman of the board, Qiwu Xuan, worked at FAW Group. In January 2017, IAT Automobile Technology raised CNY 250 million of funding from returning investor iangsu Yueda Asset Management. New investors Asia View Capital, Beijing Jirui Capital Management, China International Capital Corporation Private Equity, ChinaEquity Group, Chongqing Cultural and Creative Equity Investment Fund Management, Guangzhou Guanghua Fund Management, and IDG Capital also participated in the round. In March 2020, the company was listed on the Shenzhen Stock Exchange.

The company is engaged in vehicle development, automotive assembly and component development, prototype production, and testing. IAT also provides automotive product planning, styling design, engineering design of complete vehicles, engines, transmissions, components, CAE analysis, NVH optimization, development of new energy vehicles, development of electronic control technology, prototype test production, simultaneous engineering analysis, production of exhibition vehicles, evaluation of vehicle and component testing and consulting services.

In 2022, the company's operating income was CNY 947.14 million, and the net profit was CNY 65.64 million.

## Funding rounds

- Series C, Mar 7, 2011 — Hong Shan, GSR Ventures, New Enterprise Capital, Korea Investment Partners, Minghui Capital, Mitsui & Co.
- Series B, Oct 28, 2009, $20M — Mitsui Global Investment, GSR Ventures, New Enterprise Capital, Korea Investment Partners
- Series A, Jun 1, 2007, $8M — Hong Shan, GSR United Capital

## Investors

- Hong Shan — Series A, Series C
- GSR United Capital (https://capitalatlas.ai/funds/gsr-united-capital) — Series A
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series B
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series B, Series C
- New Enterprise Capital (https://capitalatlas.ai/funds/new-enterprise-capital) — Series B, Series C
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B, Series C
- Minghui Capital (https://capitalatlas.ai/funds/minghui-capital) — Series C
- Mitsui & Co. — Series C