# Newrizon

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Shanghai, China
- Website: www.newrizon.com
- Total disclosed funding: $75M
- Latest round: Series B (Feb 20, 2023)
- Investors on record: 4

## About

Established in 2020 and based in Shanghai, China, Newrizon operates as a commercial vehicle manufacturer that focuses on intelligent connected new energy. Chendong Huang, the founder and CEO of the company, worked as a senior vice president of Shanghai Weilai Technology Co., Ltd. Jingwei Fu, the CTO of the company, once served as the deputy director of Autopilot China. The company has a branch office in Suzhou and its charging piles covers more than 300 cities nationwide. The core management team members come from NIO Azera, SAIC Group, Chery Automobile and Volvo Trucks. In October 2021, it obtained ISO 9001 quality system certification. In September 2022, the company was recognized as a high-tech enterprise in Shanghai. In September 2023, it raised over CNY 100 million in strategic investment from Hangzhou Heju Asset Management Co., Ltd.

The company provides driving experience and management solutions for the logistics and transportation industries using intelligent networked new energy commercial vehicle technology. Its products include EC1, iC1, N Tech, N Care and N Net. The company has many clients, such as Huolala, SF, Jingdong Logistics and China Express.

The company will expand its customers in the logistics and courier industry.

## Funding rounds

- Series B, Feb 20, 2023, $15M — NIO Capital
- Series B, Nov 1, 2021, $50M — Lightspeed Venture Partners, Yi Capital, Cyber Creation Ventures (CCV)
- Series A, Aug 6, 2021, $10M — Lightspeed Venture Partners

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B
- Yi Capital (https://capitalatlas.ai/funds/yi-capital) — Series B
- Cyber Creation Ventures (CCV) (https://capitalatlas.ai/funds/cyber-creation-ventures-ccv) — Series B
- NIO Capital (https://capitalatlas.ai/funds/nio-capital) — Series B