Upincar Automobile Service (Shanghai) Co.
Latest round
- Series A
Last raised
- Dec 2016
Total raised
- Undisclosed
Investors
- 3
About Upincar Automobile Service (Shanghai) Co.
Based in Shanghai, China, and established in 2013, U Power is a new energy vehicle services company that provides automated battery-swapping stations services. It started as a broker vehicle sales between wholesalers and buyers. In 2020, it shifted its business to developing automated battery-swapping stations, under the UOTTA brand. In 2021, it partnered with auto manufacturers to adopt certain EV models. In 2022, it started operating battery-swapping stations and cooperated with local gas station operators in Quanzhou City., Ltd, to jointly develop UOTTA-powered electric trucks. In March 2023, it was listed on NASD Stock Exchange under the symbol UCAR. U Power provides automated battery-swapping stations business for electric vehicles, including ride-hailing passenger EVs, small logistics EVs, light electric trucks, and heavy electric trucks. As of February 2023, it established five battery-swapping stations. Besides, it developed a data management platform that connects UOTTA-powered EVs and stations and assists the UOTTA-powered EV drivers in locating the closest compatible UOTTA swapping stations on their routes.
Who invested in Upincar Automobile Service (Shanghai) Co.
3 investors across 1 round
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Funding rounds
Series A
Dec 30, 2016
Amount
Undisclosed
Investors
Questions about Upincar Automobile Service (Shanghai) Co.
Who invested in Upincar Automobile Service (Shanghai) Co.?
Upincar Automobile Service (Shanghai) Co. has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Upincar Automobile Service (Shanghai) Co. raised?
Upincar Automobile Service (Shanghai) Co. has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Upincar Automobile Service (Shanghai) Co. last raise money?
Upincar Automobile Service (Shanghai) Co.'s most recent round on record is a Series A, in Dec 2016.
What does Upincar Automobile Service (Shanghai) Co. do?
Based in Shanghai, China, and established in 2013, U Power is a new energy vehicle services company that provides automated battery-swapping stations services.
Where is Upincar Automobile Service (Shanghai) Co. headquartered?
Upincar Automobile Service (Shanghai) Co. is headquartered in Shanghai, China.
Which VCs invest in companies like Upincar Automobile Service (Shanghai) Co.?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back energy storage & batteries companies at Upincar Automobile Service (Shanghai) Co.'s stage. Their profiles are linked below.
VCs backing energy storage & batteries startups at Series A
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