DJI Spinoff ZYT Raises $280 Million Pre-IPO Funding Ahead of Hong Kong Listing
Zhuoyu Technology, also known as ZYT, is currently raising a pre-initial public offering funding round valued at approximately RMB 2 billion ($280 million). According to reports from EqualOcean Auto, this investment places the company's pre-money valuation at around RMB 12.5 billion ($1.74 billion). The automotive technology firm, which specializes in intelligent driving solutions, is also planning to list on the Hong Kong stock exchange later this year. Originally established in 2016 as the automotive subsidiary of Chinese drone giant DJI, ZYT was spun out as an independent entity in 2023 and formally adopted the Zhuoyu brand in June 2024. This latest fundraising effort follows a significant strategic investment received in November 2025, where the company secured over RMB 3.6 billion from FAW Group. The move highlights ZYT's growing independence and financial strength in the competitive smart vehicle sector, leveraging its technological heritage from DJI while expanding its corporate structure through major external partnerships and public market preparations.
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DJI Spinoff ZYT Raises $280 Million Pre-IPO Funding Ahead of Hong Kong Listing
Zhuoyu Technology, also known as ZYT, is currently raising a pre-initial public offering funding round valued at approximately RMB 2 billion ($280 million). According to reports from EqualOcean Auto, this investment places the company's pre-money valuation at around RMB 12.5 billion ($1.74 billion). The automotive technology firm, which specializes in intelligent driving solutions, is also planning to list on the Hong Kong stock exchange later this year. Originally established in 2016 as the automotive subsidiary of Chinese drone giant DJI, ZYT was spun out as an independent entity in 2023 and formally adopted the Zhuoyu brand in June 2024. This latest fundraising effort follows a significant strategic investment received in November 2025, where the company secured over RMB 3.6 billion from FAW Group. The move highlights ZYT's growing independence and financial strength in the competitive smart vehicle sector, leveraging its technological heritage from DJI while expanding its corporate structure through major external partnerships and public market preparations.
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