The investors of Enjoy Move include OEMs, chip companies, Tier 1 and application algorithms, and other upstream and downstream players in the industry. Enjoy Move has also cooperated with Continental AG to promote the development of future intelligent driving system solutions jointly.
Enjoy Move (Chinese: 映驰科技), an intelligent driving high-performance computing software platform provider in China, announced its Series B1 funding round worth hundreds of millions of CNY, led by Continental AG and SenseTime. Existing shareholder Horizon Robotics also participated in the round.
The money will be mainly used to enhance and improve the strength of the technical team, increase investment in project research and development, accelerate the progress of product landing and mass production, and improve the core competitiveness of the brand.
Enjoy Move cooperates with Continental AG to develop intelligent driving system solutions in this round.
Huang Ying, the founder and CEO of Enjoy Move, said that automobiles are rushing toward intelligence, and cars' electronic and electrical architecture is also evolving from a traditional distributed architecture to a centralized, integrated architecture.
Huang added that the intelligent software of vehicles will not be limited to the autonomous driving domain but will also extend to the body domain, cockpit domain, chassis domain, and power domain.
Luo Yun, head of Continental AG's autonomous driving and mobility business group in China, said that Continental AG has power in R&D in the field of autonomous driving. The strategic cooperation with Enjoy Move will further enhance the development and implementation of autonomous driving technology in China.
Enjoy Move’s competitors include Thunder Software Tech (300496. SH, Chinese:中科创达), Huizhou Desay SV Auto (002920. SH, Chinese:德赛西威), Huawei, and ThunderX.