The proceeds will be used for the massive production, market development and research and development of autonomous driving technology.
China's intelligent driving supplier Anzhi Auto (Chinese: 安智汽车) closed the Series A+ funding round, collecting tens of millions of CNY from its Series A investor Yinke PE.
Founded in 2015 and headquartered in Suzhou, the company is committed to promoting advance driver assistance systems (ADAS) and self-driving solutions. Its products include 77GHz millimeter wave radar, smart camera and sensor fusion system.
“Anzhi's products and solutions have been widely accepted by OEMs in China and has received a lot of pre-installations. Its self-developed full-stack solution is in the leading position in China, and some comprehensive indicators are close to that of foreign suppliers. Anzhi Auto completed the construction of its international first-class assembly line at the end of last year, which improved its capacity. We hope to further boost Anzhi Auto’s mass production through additional investment in this round,” the founder of Yinke PE Yu Guangda said.
Dr Guo Jian, CEO of Anzhi Auto stated, “we serve as 'Tier 0' with carmakers for the in-depth integration of project and technology, abandoning the traditional OEM-supplier pattern. We are honored to receive the support from Yinke PE, and we will continue to create high-performance, localized and forward-looking autonomous driving solutions with our eco-partners.”