Genesys Microelectronics, an EV cockpit and autonomous driving chipset solutions provider funded by Fosun Group, raised hundreds of millions of CNY from an angel round. The funds raised will be primarily used for talent acquisition for its R&D teams, procurement and market expansion.
Recently, Genesys Microelectronics (Shanghai) Co., Ltd. (Chinese: 复睿微电子) (hereinafter referred to as Genesys Microelectronics) announced its completion of angel round financing of hundreds of millions of CNY, led by CICC Capital (Chinese: 中金资本) and Shanghai Baoding Investment Management (Chinese: 宝鼎投资) and followed by Ondine Capital (Chinese: 活水资本), Anhui Zhongchen Investment Group (Chinese: 安徽中辰投资集团) and more. The funds raised will be used for the company's talent acquisition in various R&D centers, procurement and market expansion, to promote the commercial landing of numerous EV cockpit and ADAS chip projects.
Founded in 2022 and funded by Fosun Group, Genesys Microelectronics provides EV cockpit and autonomous driving chipset solutions. The company is positioned in the field of automotive-grade chip, currently engaged in automotive intelligent cockpit, ADS/ADAS chip R&D, with a leading chip design capability and AI algorithms to provide high-performance chip-based solutions for the vehicle industry.
Starting from September 2022, Genesys Microelectronics started market expansion. Through leveraging Fosun Group's resources in the automotive field, the company has established cooperation with many OEMs and Tier 1 suppliers. Currently, it has provided board-level solutions for OEMs to accelerate the progress of its product development.
Currently, the company has a global presence with R&D centers in Beijing, Shenzhen, Nanjing, Wuxi, Xi'an, Hefei and Cambridge, UK. Specifically, Genesys Microelectronics established a software center in Nanjing and an AI and advanced algorithm center in the UK.