Updated: May 12, 2020
Carzaam Automotive News Episode 3: Raise Report - September 2019
Hello everyone, it’s Chilli here with a Special Raise Report episode of Carzaam news where we take a look at the top 3 global startup funding rounds for September 2019.
A total of $1.5bn in those deals plus I’ll add my 2 cents with the bonus funding round.
3. Zhuanzhuan $300m Series B round
Zhuanzhuan (which means pass on in mandarin) is an online marketplace operating out of Beijing China where users can buy and sell secondhand goods and is a trading unit of China's largest online marketplace 58.com
The company was founded in 2015 and has so far raised a total of $500.0M
2. Byton $500m Series C round
BYTON is an electric vehicle company operating out of Nanjing China that designs cars as a fully connected smart device on wheels.
Byton was founded in 2016 and has raised more than $1.2bn
1. NetEase Cloud Music $700M Series B round
NetEase Cloud Music operates an online music platform and offers streaming services operating out of Beijing China.
The company was founded in 2013 and has so far raised $1.4B
OK, time for the Bonus Round where I choose my favorite 2 funding rounds for the month.
Bonus Round 1 Nikola Motor Company $250m Series D round (number 5 for the month).
Nikola heavy-duty trucks using hybrid hydrogen-electric powertrains operating out of Phoenix Arizona.
Founded in 2015 they have raised $460m and are one to watch…
Bonus Round 2 DataRobot $206m Series E
DataRobot came in at number 8 this month and take their total funding raised to $430m.
DataRobot is an automated machine learning platform that helps build and deploy accurate predictive models operating out of Boston, Massachusetts.
They really have a great platform that super charges your machine learning projects by running and optimising hundreds of different models across your data. Check them out if you have any need for machine learning as it could mean you don’t actually need to hire a full time data Scientist.
Read more about the Coolest Automotive tech, trends and takeaways from CES2020 and 7 BIG Reasons Why You Should Buy a Used Car Instead of a New One...
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