When was AVATR founded?

AVATR was founded in 2018 and became a unicorn in 2023, reaching the milestone in 5 years. It raised its 1st funding round 4 years after its incorporation.

Where is AVATR located?

AVATR is headquartered in Chongqing, China.

Who is the current CEO of AVATR?

Mahendra S of AVATR. They have also founded 1 company.

How many employees does AVATR have?

As of Sep 30, 2026, the latest employee count at AVATR is 378.

Is AVATR a funded company?

AVATR is a funded company, having raised a total of $1.92B across 5 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Seed round on Mar 11, 2022.

How much is AVATR worth?

The latest valuation of AVATR is $7B as of Dec 17, 2024.

When was the latest funding round of AVATR?

AVATR's latest funding was a $1.51B Series C round on Dec 17, 2024, with participation from 5 investors.

Is AVATR a Electric Vehicles company?

The primary sector of AVATR is Electric Vehicles.

Where does AVATR rank among its competitors?

AVATR ranks 13th amongst 843 active competitors, of which 62 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Faraday Future, which secured $45M in Apr, 2026.

Who are the top competitors of AVATR?

AVATR's top competitors include Tesla, Polestar and Lucid. Among them, Faraday Future secured the most recent funding round in April, 2026.

AVATR - 2026 Company Profile, Team, Funding & Competitors

AVATR is a series C company based in Chongqing (China), founded in 2018 by Mahendra S. It operates as a Manufacturer of electric cars. AVATR has raised $1.92B in funding from National Green Development Fund and Bank of Communications, with a current valuation of $7B. The company has 843 active competitors, including 62 funded and 47 that have exited. Its top competitors include companies like Tesla, Polestar and Lucid.

Sectors and market segments that AVATR operate in

AVATR serves in the Energy Tech, Auto Tech market segments.The primary business model of AVATR are:

Company Details

Manufacturer of electric cars. The company also develops electric vehicles, smart car solutions, energy ecology systems, and more.

Website: www.avatr.com/
Email ID: *****@avatr.com
Phone Number: +49 **********

Key Metrics

Founded Year

2018

Location

Chongqing, China

Stage

Series C

Total Funding

$1.92B in 5 rounds

Latest Funding Round

Series C, Dec 17, 2024, $1.51B

Post Money Valuation

$7B as on Dec 17, 2024

Investors

National Green Development Fund & 17 more

Ranked

13^th among 843 active competitors

Employee Count

378 as on Sep 30, 2026

Similar Companies

Tesla & 455 more

View AVATR's full profile

AVATR has raised a total funding of $1.92B over 5 rounds. Its first funding round was on Mar 11, 2022. Its latest funding round was a Series C round on Dec 17, 2024 for $1.51B. 5 investors participated in its latest round. AVATR has 18 institutional investors.

Here is the list of recent funding rounds of AVATR:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 17, 2024	$1.51B	Series C	$7B	-	-	南方资本管理有限公司, Chongqing Yufu Holding Group, SDIC, Changan Automobile Company, Bocom Investment
Aug 31, 2023	$410M	Series B	$2.76B	-	Bank of Communications	Changan Automobile, Chongqing Liangjiang Equity Investment Fund Management, Chongqing, 南方资本管理有限公司, Guangsha Holding Group
Aug 02, 2022	Undisclosed	Series A	-	-	National Green Development Fund	China Merchants Jintai, Changchun State-owned Capital Investment Operation, Shanghai Weihao Chuangxin Investment Management, CITIC New Future Investment, Changan Automobile, Southern Assets

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View details of AVATR's funding rounds and investors

The founders of AVATR is Mahendra S. Mahendra S is the CEO of AVATR.

Here are the details of AVATR's key team members:

Mahendra S: Founder & CEO of AVATR.

View details of AVATR's Founder profiles and Board Members

AVATR's employee count trend

AVATR has 378 employees as of Sep 26. Here is AVATR's employee count trend over the years:

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Top competitors of AVATR include Tesla, Polestar and Lucid. Here is the list of Top 10 competitors of AVATR, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tesla 2003, Austin (United States), Public	Electric vehicle and clean energy solutions provider	$408M	Valor Equity Partners, Mercedes-Benz & 72 others	83/100
2nd	Polestar 1996, Torslanda (Sweden), Public	Manufacturer of electric cars	$550M	Feathertopfunding, BNP Paribas & 16 others	79/100
3rd	Lucid 2007, Newark (United States), Public	Manufacturer of electric vehicles and related technologies for consumer markets	$1.13B	Public Investment Fund, BAIC & 17 others	77/100
4th	BYD 1994, Shenzhen (China), Public	Manufacturer of electric cars, sedans, SUVs, batteries, and rail transit	-	Berkshire Hathaway, Hillhouse & 14 others	74/100
5th	Fisker 2007, Los Angeles (United States), Public	Manufacturer of electric cars	$1.11B	Caterpillar, Advantas Capital Ventures & 16 others	72/100
6th	Xiaopeng 2014, Guangzhou (China), Public	Manufacturer of electric vehicles, AI technology, AI automotive, and AI robots	$2.65B	Foxconn Electronics, 5Y Capital & 41 others	72/100
7th	Beijing Che Lixing Information Technology 2015, Beijing (China), Public	Manufacturer of electric vehicles and related automotive products and services	$1.58B	Meituan, Plum Ventures & 15 others	71/100
8th	Aptera Motors 2005, Carlsbad (United States), Public	Developer of solar electric vehicles designed for efficient energy use	$83.4M	California Energy Commission, Cloud Toronto Venture Capital ... & 8 others	66/100
9th	Pravaig 2011, Bengaluru (India), Seed	Electric vehicle manufacturer offering long-range and performance-oriented electric SUVs	$7.62M	Tusker Solutions Innovations, Eren Groupe ... & 37 others	63/100
10th	Faraday Future 2014, Los Angeles (United States), Public	Manufacturer of electric cars	$3.21B	Informa, Evergrande & 14 others	63/100
13th	AVATR 2018, Chongqing (China), Series C	Manufacturer of electric cars	$1.92B	Bank of Communications, SDIC & 16 others	61/100