Zhejiang Lingpao Technology Co., Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Zhejiang Lingpao Technology Co., Ltd. - overview
Established
2015
Location
Hangzhou, Zhejiang, China
Primary Industry
Automobiles, Other Vehicles & Parts
About
Established in 2015 and based in Hangzhou, China. Zhejiang Lingpao Technology Co. , Ltd. is an intelligent electric vehicle company providing EIC systems, electric automobile R&D, sales, and telematics solutions.
The founder, chairman of the board, and CEO, Jiangming Zhu has nearly 30 years of experience in electronics and AI technologies. In 2021, it delivered a total of 43,748 vehicles. As of July 31, 2022, it has built a nationwide direct-to-customer sales network consisting of 443 outlets covering 151 cities in China. In September 2022, it was listed on the Hong Kong Stock Exchange with stock code 09863.
In October 2023, Stellantis Ventures invested in Zhejiang Lingpao Technology Co. , Ltd. for EUR 1. 5 billion.
Following the transaction, Stellantis Ventures will hold a 20% stake in the company. The company is engaged in intelligent electric vehicle design, R&D and manufacturing, intelligent driving, electric motor control, battery system development, and cloud-based vehicle networking solutions. It provides 15 customizable in-car functions based on user preferences, as well as car networking services, including remote vehicle control and cell phone voice control. Its flagship model C11 is a mid-sized smart electric SUV.
In 2022, the company's operating income was CNY 12. 38 billion, and the net profit was CNY -5. 11 billion.
Current Investors
Hong Shan, Entertainment Works, Zhejiang Dahua Technology
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.leapmotor.com
Verticals
Clean Technology, Electric & Hybrid Vehicles, Manufacturing, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Zhejiang Lingpao Technology Co., Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Fujian New Forta Automobile Industry Co.,Ltd. | - |
Displaying 1 - 1 of 1
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.