U POWER Tech

U POWER Tech

Integrating the most Competitive EV Supply Chain in the World, Empowering Local EV Transformation

Founded 2021

Sunnyvale, United States 50 employees Series B Design, Finance +3

U POWER is a dynamic startup revolutionizing the electric vehicle industry with its innovative approach. Founded in 2021 and based in China, the company is committed to integrating the most competitive EV supply chain in the world, thereby facilitating local EV transformation. Through its rolling chassis technology, U POWER enables customers to construct white-labeled electric vehicles utilizing the most comprehensive and cost-competitive EV supply chain. This not only ensures customization and localization but also leads to cheaper, faster, and higher-quality EV production. Simultaneously established in Shanghai and Silicon Valley, U POWER Tech has assembled top-tier teams from various backgrounds, forming a truly global company. The company's "GLOCAL" development strategy revolves around integrating the world's most comprehensive and competitive electric vehicle supply chains through skateboard chassis, allowing scenario owners worldwide to build vehicles locally at a faster pace and lower cost. Notably, at the 2024 CES, U POWER Tech showcased its U POWER Super Board, marking a significant milestone in empowering emerging electric vehicle manufacturers in the United States. Additionally, strategic cooperation agreements with companies in Japan, Southeast Asia, and Europe are a testament to its global expansion strategy. U POWER's most recent Series B investment on 18 May 2023 attracted notable investors including ZhenFund, Matrix Partners China, Hefei Industry Investment Group, Wenzhou Dongchuang Xinhui, and China Creation Ventures (CCV), indicating strong investor confidence in the company's vision and potential contribution to shaping the future of electric vehicle technology and production. With the imminent delivery of its first complete vehicle product, UP VAN, tailored for urban logistics scenarios, U POWER is poised to make significant strides in the EV industry, further reinforcing its position as a prominent player in the market.

Funding Stage	Amount	Investors	Lead Investors	Date
Series B	Undisclosed	5	ZhenFund, Matrix Partners China +3	18 May 2023

Funding Stage

Amount

Investors

Lead Investors

Date

Series B

Undisclosed

ZhenFund, Matrix Partners China +3

18 May 2023

FAQ About U POWER Tech

Integrating the most Competitive EV Supply Chain in the World, Empowering Local EV Transformation

U POWER Tech was founded in 2021.

U POWER Tech is headquartered in Sunnyvale, United States.

U POWER Tech operates in Design, Finance, Manufacturing, Transportation and Automotive. Its work centres on electric vehicle, EV design, Shanghai and U Power.

U POWER Tech has approximately 50 employees.

U POWER Tech has completed 1 funding round. The latest funding stage is Series B.

Top alternatives and competitors to U POWER Tech include oorja, Zhonglu Co,.Ltd., Linear Labs Inc., Additive Drives GmbH, Hitech Electric. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

U POWER Tech and oorja are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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