G-PAL is not only attracting investments from domestic but also overseas investors.
Geometrical Perception and Learning Co., Ltd. (Chinese:几何伙伴), a vertically integrated technology company that provides development, manufacturing and servicing of hardware and software products for SD solutions, announced that received a strategic investment with undisclosed amount from Society of Automotive Engineers (SAE International).
The fund invested to G-PAL by SAE International, which is a formerly named the Society of Automotive Engineers, is a United States-based, globally active professional association and standards developing organization for engineering professionals in various industries.
According to a company’s statement, the money will be used to build a Shanghai Full Self Driving (FSD) Perception and Intelligent Decision Engineering Center to develop a system that related to FSD’s chip, software, and testing.
Notably, it is the second strategic investment that G-PAL received this year. In February 2022, the company was received a strategic funds by Boyuan Capital (Chinese: 博原资本)
More and more overseas auto-tech giants are investing China’s autonomous driving start-ups. For example, WeRide (Chinese: 文远知行) was strategically invested by BOSCH and MOTOVIS (Chinese: 魔视智能）was invested by Continental AG.