Automotive Sep 15, 2020 09:58 AM (GMT+8) · EqualOcean
According to the autonomous driving technology company, the new Series C+ round of financing, worth hundreds of millions of Yuan, is backed by Xinding Capital and China Weiming. It is worth noting that Xinding Capital has previously invested in companies such as Cambricon, WM Motors and the recently-listed Xpeng Motors. IDRIVERPLUS said that this round of financing would mainly be used for technology research and development, accelerating the formation of L4 autonomous driving fleets, and deploying Robotaxi operation projects in different scenarios with car manufacturers and realizing the rapid mass production of selected vehicles. Besides, the funds will also be used to recruit talents for autonomous driving teams and further develop overseas markets.