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Byton (company)

Byton (company)

Byton is a company manufacturing an electric SUV .

Byton is a company manufacturing an electric SUV that is headquartered in Nanjing, China and was founded in 2016 by Carsten Breitfled and Daniel Kirchert. The company is developing a luxury electric SUV called the M-Byte. In 2018 the company took over a subsidiary of FAW operating out of Tianjin Huali, China.

Funding

Series B

On June 11, 2018 Byton completed their series B funding round with $500 million in funding from FAW Group, Tus-Holdings, CATL, and other investors. The company plans on using the funding to help bring its first electric vehicle to market. The co-founder and president of Byton, Daniel Kirchert, made the following comment regarding the companies series B funding round:

The success of this funding round highlights how diversified strategic investors will further expand BYTON’s circle of friends and broaden our development opportunities. BYTON is establishing a new benchmark for auto start-ups with four essential ‘must haves’, namely Technology, Product, Capital and Factory.

Venture

On May 9, 2019 Byton completed a venture capital funding round with $100 million in funding from FAW Group and other investors.

Timeline

September 11, 2019

Byton raises a $500,000,000 series C round from FAW Group.

June 11, 2018

Byton raises a $500,000,000 series B round from FAW Group.

Funding rounds

Funding round
Description
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Investment
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People

Name
Role
LinkedIn

Apurba Sengupta

Employee

Benoit le Bourgeois

Employee

Bonner Bellew

Investor

Brian Curran

Employee

Hakuei Huang

Employee

Hanlin He

Employee

Jocelyn Baxter

Employee

Khoa Nguyen

Employee

Mike Sheng

Employee

Soumendu Chanda

Employee

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News

Title
Author
Date
Publisher
Description
Jack Ewing
March 4, 2020
www.nytimes.com
The shift to battery power has inspired a wave of new companies to challenge the automotive dinosaurs.
Kirsten Korosec
January 6, 2020
TechCrunch
Byton is starting to amass key partners such as global media giant ViacomCBS to bring video content as well as information and other services to the eye-popping 48-inch wraparound digital dashboard screen in its upcoming electric M-Byte SUV. The China-based electric car startup is calling its dashboard screen the "Byton Stage" and the plan to [...]
Kirsten Korosec
January 6, 2020
TechCrunch
China-based electric car startup Byton might be best known for its massive 48-inch wraparound digital dashboard screen in its upcoming M-Byte SUV as well as a host of other screens sprinkled throughout the vehicle. Those screens might get all the attention, but they are merely the delivery mechanism or "stage" for what Byton hopes will [...]

References