Technology Author: Boying Ji Editor: Tao Ni May 19, 2022 08:11 PM (GMT+8)

Leeker received funds from two rounds of financing, which will mainly be used for the construction of the Industrialization Base, R&D of products, and products delivery.

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Guangzhou Leekr Technology (Chinese: 利氪科技), a chassis-by-wire system solution provider in China, announced Series A and Series A+ financing round worth CNY 200 million, news portal 36kr.com reported. 

Leekr’s Series A funding round was led by Vision Capital and Sinovation Ventures, with participation by Shanghai Free Trade Zone Equity Fund and its Lingang Xinpian Science and Technology Innovation Fund, and Unity Ventures. 

The company’s Series A+ round of financing was led by Harvest Capital, with participation by Leaguer Capital. Existing shareholders Vision Capital and Shanghai Free Trade Zone Equity Fund and its Lingang Xinpian Science and Technology Innovation Fund also participated in the round. 

This round of financing will be used for the construction of Phase I & Phase II of the Leekr’s Intelligent Manufacturing Industrialization Base, the investment in the R&D of the next-generation product of chassis-by-wire, and the delivery of the company's Decoupled Hydraulic Booster (DHB) and Integrated Hydraulic Brake (IHB) by the end of this year, 36kr claimed.

Hui Zhifeng, the CEO of Leekr, said that the appearance of break-by-wire is driven by a new change and new demand in the market, and it is an upgrade and iteration of the original technology. 

In the future, whether it is the intelligence or automation of new energy vehicles, chassis-by-wire technology will be needed as a basic solution to provide energy recovery and Line control redundancy backup capability, Hui added. 

Leekr Technology believes that under the trend of electrification and intelligence, break-by-wire products will become standard equipment for EVs. Although the break-by-wire industry is in its embryonic stage, it is the best time to enter the chassis field.