August 12, 2026 (InvestinChina.asia) – Zhang Xue Motorcycles has closed a new round of funding exclusively backed by Sequoia Capital China, in a deal that values the high-performance motorcycle maker at RMB 6 billion (approx. US$840 million) and marks a roughly fivefold jump from its prior valuation in under half a year, according to people familiar with the matter.
The exact terms of the transaction remain confidential. However, Cao Bin, founding partner and chairman of early-stage investor Gaoxin Capital, disclosed in a recent interview that Sequoia Capital China committed RMB 150 million in the round, implying a post-money valuation of RMB 6 billion for the company.
Following the close of the round, Sequoia Capital China will work with Zhang Xue Motorcycles across multiple dimensions — corporate governance, talent development, industrial resource coordination and global business expansion, according to details shared by the parties.
Three rounds in under two years
The latest financing is the third round of equity capital Zhang Xue Motorcycles has raised on the primary market. The company was founded in April 2024.
In July 2024 — just three months after its establishment — Gaoxin Capital led the angel round with an exclusive RMB 20 million investment, corresponding to a post-money valuation of roughly RMB 100 million. Cao said the core thesis behind the bet was the founder: his team reviewed extensive public video footage of Zhang Xue and saw “extreme passion from within, highly focused execution, and exceptional grit.” Zhang previously served as general manager of Kayo Motorcycles for eight years, giving him deep operational experience in the industry.
To facilitate an equity incentive plan for core executives, Zhang Xue later repurchased 10% of shares at a valuation of approximately RMB 200 million, diluting Gaoxin Capital’s holding to 10%.
In March 2026, Zhejiang state-owned Zhejiang Venture Capital (Zhejiang VC) led the Series A round through two vehicles — Hangzhou Zhechuang Baike Venture Capital Partnership and Jinhua Zhechuang Jinyi Zhikong Venture Capital Partnership — committing a combined RMB 90 million at a valuation of RMB 1 billion.
Compared with the latest post-money valuation of RMB 6 billion, Zhang Xue Motorcycles’ valuation has quintupled in less than six months.
Racing pedigree fuels order surge
Despite its short operating history, Zhang Xue Motorcycles has posted striking business metrics. According to Cao, the company generated RMB 670 million in revenue last year and expects full-year 2026 revenue to land between RMB 2.5 billion and RMB 3 billion. Monthly motorcycle deliveries have already surpassed 10,000 units.
Racing success has become a key driver of order growth. In March 2026, Zhang Xue Motorcycles debuted at the World Superbike Championship (WSBK) Portuguese round and took the title. The company went on to score strong results in several other top international motorcycle races. The racing breakout directly triggered an explosion in domestic and overseas orders — overseas orders alone in April equaled the total overseas order book for the entire previous year.
As orders accelerate, capacity expansion is keeping pace. In June, Zhang Xue Motorcycles secured land for a manufacturing base in Chongqing’s Liangjiang New Area. In July, the company formally signed to build a new R&D and production base with planned annual capacity of 500,000 units. Once the project comes online, overall capacity is expected to increase three- to fivefold.