StageSeries D | Alive
Last Raised$205M | 1 yr ago
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Expert Collections containing ROX Motor
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ROX Motor is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.
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Latest ROX Motor News
Jan 16, 2023
Pandaily Add to FavoritesAdded to Favorites ROX Motor, an automaking project set up by Chang Jing, the founder and chief executive of robot vacuum maker Roborock Technology, will be launched in August this year, 36Kr reported on January 16. Similar to Huawei’s “Smart Selection” mode, ROX Motor provides product definition, marketing and core intelligent technologies for vehicle companies with manufacturing capabilities. According to 36Kr , the cooperative car company with the greatest intention of ROX Motor is Beijing Automobile Works Co., Ltd. The first cooperative model between the two sides will adapt an extended range power system and a price tag of about 400,000 yuan ($59,619) to compete with the G series of Mercedes-Benz. In view of the general industry’s pure electric battery life of about 200 kilometers, the extended range system of ROX Motor may be equipped with larger batteries to achieve a cruising life exceeding 1,000 kilometers. In this cooperation, Beijing Automobile Works plays a noteworthy role. It once belonged to BAIC Group, but in 2015, BAIC Group transferred its equity to a private enterprise called “Beijing Automobile Assembly Plant.” Beijing Automobile Works has a history of more than 100 years, and it has the ability of vehicle research and development, production and manufacturing. Up to now, it has produced more than 2 million vehicles and obtained manufacturing certificates of off-road vehicles, sedans, trucks, buses, military vehicles and modified vehicles. ROX Motor is positioned as a provider of automotive engineering and technical solutions, which lacks vehicle manufacturing capabilities. Beijing Automobile Works is complementary to ROX Motor. In 2014, Li Bin, Li Xiang and others set off the first wave of EV manufacturing in China. Li Bin’s NIO have stood out. Since 2018, Li Yinan, founder of Niu Technologies , a China-based, US-listed maker of electric scooters, Chang Jing and others have entered a second wave of automaking startups. Unfortunately, Li Yinan has been caught in a dilemma because production qualification is not properly prepared, and he has had to cut staff and abolish stores. Many insiders said that Chang Jing is a “product-oriented” automaking entrepreneur with current capital market preferences. He is low-key, likes to study products, and pays special attention to industrial design. His WeChat signature reads “I am a product manager.” After deciding to build an EV firm, Chang carefully observed the needs of users. ROX Motor has attracted a large number of investment institutions, such as Sequoia Capital, IDG Capital, Coatue, Gaorong Capital, Northern Light, and more. Sign up today for 5 free articles monthly! Sign in with google
ROX Motor Frequently Asked Questions (FAQ)
When was ROX Motor founded?
ROX Motor was founded in 2021.
Where is ROX Motor's headquarters?
ROX Motor's headquarters is located at Unit 1204-2, No. 78, Lane 1688, Guoquan North Road, Yangpu District, Shanghai.
What is ROX Motor's latest funding round?
ROX Motor's latest funding round is Series D.
How much did ROX Motor raise?
ROX Motor raised a total of $425M.
Who are the investors of ROX Motor?
Investors of ROX Motor include Sequoia Capital China, Coatue Management, IDG Capital, Tencent and Qiming Venture Partners.
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