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ZERON

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Specializing in new energy heavy trucks

ChinaFounded 2022Transportation
Valuation $1–2.5B Last recorded · 2026
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for ZERON and the history behind them.

About ZERON

Shanghai Lingyi Automobile Technology, operating as Zeron Truck, is a developer and manufacturer of new energy heavy-duty trucks, established in April 2022 with headquarters in Taicang, China. The company was co-founded by Huang Zehua, a co-founder and former engineering executive at autonomous truck firm TuSimple, and Zhang Hongsong, who previously served as general manager of Sany Heavy Truck and vice president at Beiqi Foton Daimler Automotive. Huang, a Carnegie Mellon robotics graduate, transitioned from computer vision R&D at TuSimple to truck systems engineering, which led to the creation of Zeron. His experience revealed that retrofitting autonomous systems onto existing truck platforms was inefficient, establishing the company's core strategy: designing and building electric trucks from the ground up to be inherently optimized for autonomous driving.

Zeron's business model revolves around the full-stack, in-house research and development of its vehicles, covering everything from the powertrain and thermal management systems to the autonomous driving software. This vertical integration approach allows the company to define hardware through software, aiming for structural cost optimization and supply chain control. The company generates revenue through the sale of its electric heavy trucks to clients in the logistics industry, particularly targeting the short- and medium-haul transportation market, which constitutes a significant portion of the heavy truck sector. By mid-2025, Zeron had already delivered nearly 700 vehicles, which have covered over 25 million kilometers.

The company launched its first generation of smart trucks in 2024, the "Jingzhe" and "Xiaoman" models. These vehicles are designed for high efficiency and reliability. The Jingzhe features a 385 kWh battery capable of charging to 80% in under 35 minutes with dual charging points, while the Xiaoman is equipped with a 350 kWh LFP battery. A key feature is the proprietary "MATRIX" integrated electric drive system, a four-in-one assembly combining the motor, gearbox, axle, and power take-off, which enhances efficiency by up to 13% over traditional systems. Zeron has also developed the industry's first commercial vehicle heat pump thermal management system, significantly reducing energy consumption in extreme temperatures. Looking ahead, the company is developing its own autonomous driving system, "ZSD," and aims to deploy vehicles with this technology in semi-enclosed environments like ports and mines, with plans for large-scale commercialization of high-level autonomous driving around 2030.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2022
Headquarters
China
Open positions
None listed
Dealroom signal
24.7/100
Industry
Energy, Transportation
Sub-industry
Vehicle Production
Sector
Transportation, Autonomous Mobility, Heavy-Duty Trucks, Sustainable Development Goals, Rumoured $1B, Climate Tech, Electric Mobility, EV Manufacturing, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing May 2026 $200M $800M Temasek · InnoVen Capital · Zijin Mining Group · Yuanhe Puhua ↗
LATE VCOther financing Mar 2026 $165M $660M Puquan Capital · Blue Lake Capital · Joy Capital · Shenergy Chengyi ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

ZERON website traffic

Latest recorded traffic for ZERON is 1.1K monthly website visits, up 10% over the last three months.

Latest monthly visits1.1K 3-month web change+10%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

26 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Chentao Capital
  • Skyview Fund
  • Lenovo Capital and Incubator Group (LCIG)
  • Joyceland Xinyi Capital

Series A17 investors entered at this stage

  • Momenta.ai
  • Suzhou International Development Venture Capital Holding
  • Oriza Holdings
  • Xinghang Venture Capital
  • Caitong Capital
  • Yuanjing Capital
  • Guofa Wenxin
  • Tianshan Capital
  • Xinjing Fuying Fund
  • Temasek
  • InnoVen Capital
  • Zijin Mining Group
  • Yuanhe Puhua
  • Sanhua Group
  • Chaoxi Capital
  • iFLYTEK
  • Gaocheng Capital

Series B and later5 investors entered at this stage

  • Puquan Capital
  • Nio Capital
  • Blue Lake Capital
  • Joy Capital
  • Shenergy Chengyi
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇳 China66.7%
🇺🇸 United States33.3%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ZERON on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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