Singulato
Electric vehiclesChina
💀 Dead / Bankrupt
Peak $2.4 BillionToday
~-100%
from peak
- 🦄Became a unicorn2018
- 📈Peak valuation$2.4 Billion ’18
- 💔Became a UnitardJun 2023
- 💸Last valuationWiped out
🔥 Raised & burned
$2.3B
Total raised
$703K/day
Burned · 9.0y alive
Funding: Caixin / Wikipedia
Current status
Bankruptcy liquidation (Jun 2023)
How it happened
Singulato raised roughly RMB 17B (~$2.4B) from local governments and investors including Qihoo 360's Zhou Hongyi to build electric SUVs. Like several Chinese EV startups, it never put a car into production. A Tongling court accepted its bankruptcy liquidation in June 2023.
Source: Raised ~RMB 17B (~$2.4B); no vehicle shipped
