Singulato
Electric vehiclesChina
New to Unitard
💀 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)
The rise & fall
5 moments · 2014–2023The key moments.
2014
2014
Founded to build smart electric SUVs
Backers include Qihoo 360's Zhou Hongyi and, eventually, a string of Chinese local governments.
Caixin
2017
2017
The iS6 is unveiled
A smart electric SUV is shown off with deliveries promised for the following year; the promise is never kept.
Wikipedia
2018
2018
The peak: $2.4B on government money$2.4B
Rounds backed by local governments and strategic investors value Singulato at ~$2.4B; total funding eventually reaches roughly RMB 17B.
Caixin
2019–22
2019–22
Launch dates come and go
Factory plans stall and deadlines slip; like several Chinese EV hopefuls, Singulato never puts a car into production.
Caixin
Jun 2023
Jun 2023
Bankruptcy liquidation — joins the Unitard Club 💔
A Tongling court accepts the liquidation petition. Roughly $2.3B raised; cars delivered: zero.
Caixin
$2.4Bof peak value erased · 9 years
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
Founder
- Shen HaiyinCo-founder & CEONo public profile matched
