# HeyGears funding: rounds and investors

> HeyGears has raised $60M across 1 round since 2019. Investors include Group 42. Every round with its source.

Source: https://millionrounds.com/company/heygears (Millionrounds; every figure on the page links to its filing or article)

China · [Series B startup](https://millionrounds.com/companies)

# Who invested in *HeyGears*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Manufacturing

Funding summary Updated 26 Oct 2026

**$60M** raised across 1 round since 2019, from 1 source

- **Latest round:** Series B, $60M Dec 2019
- **Investors:** 1

See who backed them

## The rounds

- **Dec 2019** Series B **$60M** [Group 42](https://millionrounds.com/fund/group-42) Reported by China Money Network

## Everyone who backed them

[Group 42](https://millionrounds.com/fund/group-42) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=heygears).

## Quick answers about HeyGears

### Who invested in HeyGears?

HeyGears's investors include Group 42.

### How much has HeyGears raised?

HeyGears has raised $60M across 1 round since 2019.

### When did HeyGears last raise?

HeyGears's most recent round was a Series B of $60M in Dec 2019.

### What was HeyGears's biggest round?

Its most recent round, $60M in Dec 2019, is also its largest on record.

### Who backed HeyGears first?

HeyGears's first round on record, in Dec 2019, was backed by Group 42.

### What stage is HeyGears at?

HeyGears's latest named round is a Series B, in Dec 2019.

### Where is HeyGears based?

HeyGears is based in China.

## Companies like HeyGears

In the same sector, and raised in the last eighteen months.

[**Snapmaker** $3.0M · Dec 2025](https://millionrounds.com/company/snapmaker)[**NIO** $1.6B · Sept 2025](https://millionrounds.com/company/nio)[**Xpeng Motors** $2.4B · Aug 2025](https://millionrounds.com/company/xpeng-motors)[**EngineAI** $139M · Jul 2025](https://millionrounds.com/company/engineai)[**Unitree Robotics** $1.7B · Jun 2025](https://millionrounds.com/company/unitree-robotics)[**Sigma Squares Tech** $16M · May 2025](https://millionrounds.com/company/sigma-squares-tech)

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