# Immotors

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Shanghai, China
- Website: www.immotors.com
- Total disclosed funding: $1.3B
- Latest round: Series B (Dec 25, 2024)
- Investors on record: 17

## About

Based in Shanghai, China, and established in 2020, Zhiji Automotive Technology Co., Ltd., doing business as Immotors is an intelligent pure electric vehicle developer, engaged in smart car manufacturing business. The company was co-established by SAIC, Zhangjiang Venture, and Alibaba Group. In April 2022, it launched its first product, the L7 series, with a pre-sale price of CNY 0.408 million. The company has acquired an L3 autonomous driving test license. In February 2023, Immotors launched six versions of the LS7 series of cars. In March 2024, the company raised CNY 8 billion in Series B funding led by Bank of China Financial Assets Investment, with participation from ABQH Shenzhen Investment Fund Management, Beijing Chusudu Technology Company Limited, and Linfang Equity Management. In December 2024, the firm raised CNY 1.4 billion in series B+ funding from new investors GTJA Innovation Investment, Henan Intelligent Network Link New Energy Vehicle Development, Lingcheng Capital, and Zhengzhou National Central City Industrial Development Fund. 

Immotors is mainly engaged in the manufacture of intelligent pure electric vehicle automobiles. The company's products include IM L7 series, IM LS7series, and IM Care series, and other series. The IM L7 is equipped with an unmanned driving system, including 12 ultrasonic radars, 5-millimeter wave radars, and 11 sensing cameras. IM L6 is equipped with four rear-mounted single-motor versions with different power levels and a two-motor four-wheel drive version. Its vehicles are sold from CNY 0.2 million to 0.5 million.

The company’s revenue is generated by providing smart pure electric vehicles. In 2025, Immotors will launch 2 pure electric vehicles and 2 range-extended vehicles. 

The company will use the series B+ funding for R&D investment in core technologies such as digital intelligent chassis, steer-by-wire and intelligent driving, and accelerate the launch of new products.

## Funding rounds

- Series B, Dec 25, 2024, $192M — GTJA Innovation Investment, Lingcheng Capital, Henan Intelligent Network Link New Energy Vehicle Development, Zhengzhou National Central City Industrial Development Fund
- Series B, Mar 1, 2024, $1.1B — SAIC Motor Corporation Limited, ABQH Shenzhen Investment Fund Management, Qingtao (Kunshan) Energy Development Group Co., Ltd., Beijing Chusudu Technology Company Limited, Contemporary Amperex Technology, ICBC Capital Management, Linfang Equity Management, Bank Of China Financial Assets Investment, Bank of Communications Investment
- Series A, Aug 1, 2022 — CITIC Securities, China Reform Holdings, SAIC Motor Corporation Limited, National Green Development Fund, ICBC Capital Management, Shanghai Zhichen Asset Management, Bank of Communications Investment

## Investors

- CITIC Securities — Series A
- China Reform Holdings (https://capitalatlas.ai/funds/china-reform-holdings) — Series A
- SAIC Motor Corporation Limited — Series A, Series B
- National Green Development Fund (https://capitalatlas.ai/funds/national-green-development-fund) — Series A
- ICBC Capital Management (https://capitalatlas.ai/funds/icbc-capital-management) — Series A, Series B
- Shanghai Zhichen Asset Management — Series A
- Bank of Communications Investment (https://capitalatlas.ai/funds/bank-of-communications-investment) — Series A, Series B
- ABQH Shenzhen Investment Fund Management (https://capitalatlas.ai/funds/abqh-shenzhen-investment-fund-management) — Series B
- Qingtao (Kunshan) Energy Development Group Co., Ltd. — Series B
- Beijing Chusudu Technology Company Limited — Series B
- Contemporary Amperex Technology — Series B
- Linfang Equity Management (https://capitalatlas.ai/funds/linfang-equity-management) — Series B
- Bank Of China Financial Assets Investment — Series B
- GTJA Innovation Investment (https://capitalatlas.ai/funds/gtja-innovation-investment) — Series B
- Lingcheng Capital — Series B
- Henan Intelligent Network Link New Energy Vehicle Development — Series B
- Zhengzhou National Central City Industrial Development Fund — Series B