Automotive Author：Wenqing Zou Editor：Mu Li Nov 15, 2022 11:44 AM (GMT+8)

Recently, unmanned transport solution provider Tage Zhixing completed its C1 round financing exceeding CNY 100 million, which was led by Jinsha Fund. The money will be used for product R&D, market expansion and supply chain construction.

Automatic driving in mining area

On November 14, unmanned solution provider Beijing Tage Zhixing Technology Co., LTD (hereinafter referred to as Tage Zhixing) (Chinese: 踏歌智行) announced the completion of its C1 round financing exceeding CNY 100 million (USD 14 million), which was led by Jinsha Fund (Chinese: 金沙基金), followed by Boton Technology (Chinese: 宝通科技). Scheme Capital (Chinese: 势能资本) served as the exclusive financial advisor. The fund will be used for product R&D, market expansion and supply chain construction.

Tage Zhixing, founded in 2016 and based in Beijing, is one of the "New Special Expertise" enterprises focusing on providing autonomous driving technology for mining vehicles. The company is the first enterprise focusing on autonomous driving in the mining area in China and also the pioneer and explorer of the industry.

By 2022, Tage Zhixing has received orders worth more than CNY 1 billion and has operated more than 300 autonomous driving vehicles, ranking first in the unmanned driving market of domestic mining areas with a market share of 45.1%.

In the future, Tage Zhixing will continue to increase investment in research, realizing scaled unmanned driving in the mining area and maintaining competitiveness worldwide.