HSG’s Reported ZXMOTO Investment: 150 Million Yuan Deal, 6 Billion Yuan Valuation

HSG—formerly known in English as Sequoia China or HongShan—has reportedly made an exclusive investment in ZXMOTO, a Chongqing-based Chinese maker of high-performance motorcycles. Reports put the investment at 150 million yuan ($22.24 million) and the company’s post-money valuation at 6 billion yuan. However, those figures were not officially released by HSG or ZXMOTO.

What is known about the investment

The reported investment amount and valuation came from Cao Bin, founding partner and chairman of Gaoxin Capital, an early ZXMOTO investor. The figures therefore describe reported deal terms rather than an official financial disclosure from the investor or motorcycle maker.

HSG is the China-focused firm previously known as Sequoia China. The investment gives the firm an exclusive position in the reported financing round and signals interest in ZXMOTO’s ambitions beyond China’s niche motorcycle market.

ZXMOTO’s growth figures

ZXMOTO generated approximately 670 million yuan in revenue in the previous year, according to reports. The company expects sales of between 2 billion and 2.5 billion yuan this year, a projection described as more than double the prior year’s result.

The company’s monthly motorcycle deliveries have also exceeded 10,000 units. These figures help explain why the startup has attracted a sharply higher valuation, although the reported sales targets are forward-looking projections rather than completed results.

What HSG and ZXMOTO plan to do together

The two sides are expected to cooperate in four main areas:

• strengthening ZXMOTO’s corporate governance;
• developing and attracting talent;
• integrating industry resources; and
• expanding internationally.

HongShan has also been described as working with ZXMOTO to develop world-class products and compete on international racing circuits. ZXMOTO focuses on high-performance motorcycles and entered the World Supersport class of the FIM Superbike World Championship in 2026, according to TechNode.

Why the deal matters

The investment is more than a funding event for a motorcycle manufacturer. It represents a bet that ZXMOTO can turn rising domestic demand, production scale, and performance credentials into a globally competitive brand. China Daily described the deal as evidence of growing investor confidence that domestic motorcycle makers can move beyond niche manufacturing and compete internationally.

That case remains dependent on execution. The 6 billion yuan valuation and 150 million yuan investment are reported figures, not officially disclosed transaction terms, while the 2 billion–2.5 billion yuan sales figure is a forecast. The clearest confirmed takeaway is that HSG has backed ZXMOTO and plans to help it professionalize, recruit, integrate resources, and expand overseas.