TP&FM
Intelligent, water-recycling, and unmanned car washing machines.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
$462k | Angel | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | (75 %) |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Hangzhou Taipu Automotive Technology Co., Ltd. (TP&FM) is a technology company established in 2015, specializing in the research, development, manufacturing, and operation of intelligent and environmentally friendly automated car wash systems. The company is positioned in the high-end intelligent manufacturing sector, focusing on providing advanced car wash equipment. Its core products are unattended, intelligent car wash machines that feature water recycling systems. TP&FM offers a range of models designed for various vehicle types, including passenger cars, buses, engineering vehicles, and even high-speed trains.
The company was founded by Hu Xiaofeng, who serves as the founder. His background includes studying electronic engineering and a period of study in Germany in 2012 before returning to China in 2014. The core team also includes talent from Zhejiang University and former Alibaba employees. TP&FM is described as a Sino-German joint venture, combining German mechanical engineering with Japanese software advantages to develop its patented technology.
TP&FM has secured multiple rounds of funding. An angel round of CNY 3 million was raised in January 2016 from investors including Suhehui. This was followed by an A-round in December 2016 and a B-round in August 2022 from investors such as Xneng Fund and MaiZun Capital. Headquartered in Hangzhou, China, the company operates a production and R&D base of over 10,000 square meters. The business model involves not only selling equipment but also providing complete solutions and operational support to empower local partners and operators of intelligent car wash projects. The company also developed a mobile application, 'Taipu Car Wash', to enhance the customer experience.
Keywords: intelligent car wash, automated car wash, unmanned car wash, water recycling systems, vehicle cleaning solutions, automotive technology, robotic car wash, environmental car wash, smart car wash, car wash equipment manufacturing, Hu Xiaofeng, touchless car wash, passenger car wash, bus wash systems, train wash systems, engineering vehicle wash, car wash operations, automotive after-market, intelligent hardware