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YGL Intelligent Carwash Completes Series D Investment Round, Has Raised Hundreds of Millions of Dollars Altogether, Officially Enters the Ranks of Unicorns

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YGL Intelligent Carwash Completes Series D Investment Round, Has Raised Hundreds of Millions of Dollars Altogether, Officially Enters the Ranks of Unicorns

March 11
06:27 2023

The D1 round was led by Haoteng Asia and the D2 round was led by Goldman Sachs Asset Management. The Series D financing is mainly used for the introduction of top international talent, unmanned technology, automatic driving technology research and development, and international business planning.

Since its establishment, YGL has received ten rounds of investments. The list of shareholders includes: Zhongjia Yitai, Alibaba, Youjin Capital, PICC Equity, Daijing Capital, Kai Ming Capital, Haoteng Asia and Goldman Sachs Asset Management. The investment by Goldman Sachs Asset Management paves the way for YGL to expand globally and attract international talent. The investment by renowned international real estate fund Haoteng Asia will enhance the ability of site selection for YGL.

Founded in 2014, YGL is an intelligent manufacturing enterprise incorporating research and development , operations and after-sales service. It is dedicated to improving the efficiency of the service industry and realizing the mission of “Let Technology Serve People”. Current products include the Vision series, Alpha series and the Milky Way series of smart car-washing machines. Moreover, YGL offers infrastructure design, operations and support, providing comprehensive intelligent unmanned carwashing solutions.

The number of direct stores has exceeded 4000, covering 171 cities

By March 2023, YGL Intelligent has coverage in 171 cities across the country, with the number of direct stores exceeding 4000, covering steam service stores, gas stations, office buildings, supermarkets, parking lots, the cumulative service users more than 18 million, user satisfaction as high as 99.3%.

It has gained more than 200 patents, 80 of which are invention patents.

YGL intelligent has obtained more than 200 patents, including 80 invention patents, automatic driving related patents more than 40, and obtained the national high-tech enterprise certification. In addition, YGL intelligent enterprises also passed the AAA credit, ISO50001 energy management system, ISO27001 safety management system and ISO20000 information technology service management system certification.

Independent research and development of Turing operation and maintenance system

For 3-year R&D, the operation and maintenance system Turing has been updated to 4.0. Turing system functions, include intelligent factory production management system, store remote operation and maintenance system, 24-hour customer service remote operating system, CRM management system and parts inventory and logistics management system. Currently, the company has obtained relevant patent portfolio and level 3 certification of CMMI Capability Maturity Model integration. Turing system has realized the full digital connection between intelligent factory, store terminal and mid-stage operation, and digitalization provides strong background support and guarantee for the standardization and 100% safe operation of intelligent scene landing.

In addition, The Turing system has achieved remote transnational operation and maintenance monitoring, parts management and deployment and real-time response to emergencies. In addition, the mature operation and maintenance management system will further ensure the standardization of brand chain expansion in overseas, site selection and service capacity.

YGL intelligent factory adds 2 more production lines

YGL adds 2 more new unmanned production lines on the basis of the original intelligent factory, the production line using the latest technology in the industry, the real “black light factory”. At present, relying on the Turing system, YGL intelligent production capacity has reached 500 units per month, and the storage space has increased by 15,000 square meters.

Social responsibility

YGL intelligent adheres to the purpose of unmanned development to serve people and society. Since the landing of the first car washing machine, each robot is equipped with a water circulation system using membrane biological reaction processor, saving more than 2.6 billion liters of water so far.   

In the future, YGL intelligence will continue to further research and development and application of intelligent unmanned equipment, according to the national guiding the direction of the practice of corporate social responsibility, science and technology innovation as the core, deep tillage unmanned services, practice 108 industry service efficiency “change” vision, finally realizes the mission of “technology service”.

Goldman Sachs Asset Management

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS).

Haoteng Asia

Haoteng Asia is a professional investment institution focusing on investing in China’s high-quality real estate projects and real estate operation platforms. Hao Asia is committed to achieving the coordinated development of heavy and light assets and two-way empowerment through diversified industrial layout. Hao Teng Asia is optimistic about the long-term business model of YGL, this round of financing for the company to introduce international investment institutions Goldman Sachs, together to help the company’s long-term development.

CMMI Authentication

CMMI is a comprehensive maturity model that integrates software engineering (SW), systems Engineering (SE), integrated Product and Process Development (IPPD) and other disciplines, which was launched by the American industry, the government and the Software Engineering Institute of Carnegie Mellon University (CMU/SEI) in January 2002. CMMI can be viewed as a collection of habits, practices, guidelines, and best practices for successful companies to do good software. If enterprises can also do well in accordance with the requirements of CMMI, then enterprises are likely to become successful enterprises. All requirements in CMMI are derived from the best practices of successful companies, and its advanced nature is a set of models recognized by countless successful companies around the world.

Media Contact
Company Name: YGL
Contact Person: Jack Choi
Email: Send Email
Country: China