U Power
Latest round
- Series B
Last raised
- Dec 2024
Total raised
- Undisclosed
Investors
- 8
About U Power
Based in Shanghai, China, and established in 2021, U Power operates as a smart electric car company that focuses on the research and development of electric vehicle chassis. The founder, Peng Li, once served as the general manager of the Horizon Intelligent Driving Division and the vice president of Great Wall. The company has set up R&D centers in Shanghai and Chongqing and a branch office in Silicon Valley. U Power has established partnerships with companies such as NVIDIA, CoreTech, and Renesas Electronics. The company's main product, the UP Super Chassis, is a mass-producible, fully in-line skateboard chassis. U Power has also developed its own high-performance automotive brain, UP HPVC, which is the first open automotive supercomputing platform with flexible computing power. The target customers include vehicle enterprises, travel platforms, life service platforms, and commercial operation spaces. The company generates revenue by selling electric vehicle chassis.
Who invested in U Power
8 investors across 2 rounds
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Questions about U Power
Who invested in U Power?
U Power has 8 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has U Power raised?
U Power has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did U Power last raise money?
U Power's most recent round on record is a Series B, in Dec 2024.
What does U Power do?
Based in Shanghai, China, and established in 2021, U Power operates as a smart electric car company that focuses on the research and development of electric vehicle chassis.
Where is U Power headquartered?
U Power is headquartered in Shanghai, China.
Which VCs invest in companies like U Power?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back automobiles, other vehicles & parts companies at U Power's stage. Their profiles are linked below.
VCs backing automobiles, other vehicles & parts startups at Series B
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