# Tongyu Automotive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tongyu-automotive

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Shanghai, China
- Website: www.tongyuauto.com
- Total disclosed funding: $115M
- Latest round: Series B (Dec 4, 2023)
- Investors on record: 23

## About

Established in 2016, and based in Shanghai, China, Tongyu Automotive is an automotive intelligent driving system developer that focuses on the research and development of the drive-by-wire chassis. It has two production bases in Shanghai and Yichun. The company was awarded as the National High-Tech Enterprise and passed certifications including ISO 26262, ISO 14001, and ISO 45001. In June 2022, it developed and launched CP-EPB. In December 2023, Tongyu Automotive raised over CNY 500 million in series B funding.

The company's main products are integrated electro-hydraulic braking system (iEHB), control-by-wire electronic hydraulic braking system (EHB), calliper-integrated electronic parking system (EPB), anti-lock braking system (ABS), and electronic stability control system (ESC). The EPB system uses two sets of chips, power supply and driver modules, with functions such as drive anti-skid, tire pressure detection and alarm. The products can be used in types of cars including commercial vehicles, trucks, unmanned vehicle, tractor and sightseeing car. Its clients include FAW, Nissan, Geely, and other enterprises.

## Funding rounds

- Series B, Dec 4, 2023, $70M — Summitview Capital, Bocom International Asset Management, Jinbang Capital, Maintrend Capital, Shenzhen Capital Real Estate Fund, CCB Investment Funds Management, FI Capital, BAIC Capital, Xiaomi Group, Anhui Guokong Capital Private Equity Fund Management, Lingzhou Capital, Shanghai Bochi Asset Management, Dongfeng Jiaoyin Auto Fund, Rockets Capital, Xinyu Lepu Venture Capital, Huoyan Capital, Southern Jianxin Investment, Xyuan Capital, Jiyuan Capital, Guoshun Fund, Ruomu Capital
- Series A, Aug 22, 2022, $29M — Summitview Capital, Jinbang Capital, Shanghai Anting Industrial Development, Xiaomi Group, Dongfeng Jiaoyin Auto Fund
- Series A, Sep 14, 2021, $16M — Shanghai Bocom Smart Network Technologies, Summitview Capital, Lingzhou Capital

## Investors

- Shanghai Bocom Smart Network Technologies — Series A
- Summitview Capital (https://capitalatlas.ai/funds/summitview-capital) — Series A, Series B
- Lingzhou Capital — Series A, Series B
- Jinbang Capital — Series A, Series B
- Shanghai Anting Industrial Development — Series A
- Xiaomi Group — Series A, Series B
- Dongfeng Jiaoyin Auto Fund — Series A, Series B
- Bocom International Asset Management (https://capitalatlas.ai/funds/bocom-international-asset-management) — Series B
- Maintrend Capital (https://capitalatlas.ai/funds/maintrend-capital) — Series B
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series B
- CCB Investment Funds Management (https://capitalatlas.ai/funds/ccb-investment-funds-management) — Series B
- FI Capital (https://capitalatlas.ai/funds/fi-capital) — Series B
- BAIC Capital (https://capitalatlas.ai/funds/baic-capital) — Series B
- Anhui Guokong Capital Private Equity Fund Management (https://capitalatlas.ai/funds/anhui-guokong-capital-private-equity-fund-management) — Series B
- Shanghai Bochi Asset Management — Series B
- Rockets Capital (https://capitalatlas.ai/funds/rockets-capital) — Series B
- Xinyu Lepu Venture Capital (https://capitalatlas.ai/funds/xinyu-lepu-venture-capital) — Series B
- Huoyan Capital (https://capitalatlas.ai/funds/huoyan-capital) — Series B
- Southern Jianxin Investment (https://capitalatlas.ai/funds/southern-jianxin-investment) — Series B
- Xyuan Capital (https://capitalatlas.ai/funds/xyuan-capital) — Series B
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series B
- Guoshun Fund — Series B
- Ruomu Capital — Series B