# Xingshen Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xingshen-tech

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Changsha, China
- Website: www.xingshentech.com
- Total disclosed funding: $15M
- Latest round: Series A (Aug 8, 2022)
- Investors on record: 11

## About

Based in China, Xingshen Tech specializes in providing advanced unmanned driving system solutions, enhancing operational efficiency across various sectors including logistics and retail.Founded in 2017 in Changsha, China, Xingshen Tech focuses on the development of autonomous vehicles. The company has successfully completed five deals, with its most recent funding round being a Series A in August 2022, where it raised CNY 100 million from investors including Beijing Yicheng Yangguang Asset Management and UBTECH Robotics, Inc. The funding aims to further its growth in automation technology.Changsha Xing Shen Intelligent Technology Co., Ltd. specializes in providing high-performance, customized unmanned driving system solutions focused on the smart upgrade of various industries. Their core products include autonomous vehicles designed for logistics, retail, and smart campus applications, featuring high-precision positioning and robust reliability. Specific models like the A1 and A3 handle cargo capacities of 1m³ and 2.5m³, respectively, while the T3 model caters to heavy-duty logistics with a capacity of 3m³. The company primarily targets markets in urban logistics, retail, and educational institutions where demand for automation is increasing.Changsha Xing Shen Intelligent Technology operates on a B2B model, generating revenue through the direct sales of autonomous vehicles and lifecycle management services. Key offerings include the T3 unmanned light truck for efficient deliveries, among other modular solutions for diverse applications in logistics and retail. Transactions typically involve one-time purchases complemented by service contracts for ongoing support and maintenance, aligning pricing with their advanced technology and customization options.In August 2022, Xingshen Tech completed a Series A funding round raising CNY 100 million, which will support its strategy to launch new products and expand into new markets. The company plans to develop additional models catering to sector-specific needs and aims to extend its geographic reach beyond China. This funding will facilitate technological advancements and market penetration, aligning with its vision for enhanced automation solutions.

## Funding rounds

- Series A, Aug 8, 2022 — Sany Group Limited, Grandway Capital, Hunan Xingxiang Investment Holding Group, Hunan Chasing Fund Management, Remac Capital
- Series A, Apr 6, 2021, $15M — UBTECH Robotics, Inc., Tianjing Foresight Asset Management, Beijing Yicheng Yangguang Asset Management, Shenzhen Qianhai Honghao Asset Management
- Series A, Jan 19, 2019 — K2VC, Qianshan Capital

## Investors

- K2VC (https://capitalatlas.ai/funds/k2vc) — Series A
- Qianshan Capital — Series A
- UBTECH Robotics, Inc. — Series A
- Tianjing Foresight Asset Management (https://capitalatlas.ai/funds/tianjing-foresight-asset-management) — Series A
- Beijing Yicheng Yangguang Asset Management — Series A
- Shenzhen Qianhai Honghao Asset Management — Series A
- Sany Group Limited — Series A
- Grandway Capital (https://capitalatlas.ai/funds/grandway-capital) — Series A
- Hunan Xingxiang Investment Holding Group (https://capitalatlas.ai/funds/hunan-xingxiang-investment-holding-group) — Series A
- Hunan Chasing Fund Management (https://capitalatlas.ai/funds/hunan-chasing-fund-management) — Series A
- Remac Capital — Series A