Gewu Auto completed tens of millions of yuan in Series A financing

Automotive Author: EqualOcean News Mar 28, 2024 06:06 PM (GMT+8)

On March 27, Gewu Automotive Technology (Suzhou) Co., Ltd. (Gewu Auto) announced that it had completed Series A financing, with the financing amount reaching 10 million yuan.

Auto enterprises can only have a future if they study self driving!

Shenzhen-Hong Kong Stock Connect Capital and iangsu Changshu Automotive Trim Group Co., Ltd.'s parent fund participated in this round of financing. These two investment institutions fully recognized the value of Gewu Auto. Gewu Auto will take advantage of the opportunity of strategic cooperation with investors to establish a Shanghai-Suzhou one-hour R&D circle to improve R&D efficiency, reduce R&D costs, and attract high-quality companies to form an automotive ecosystem.

Gewu Auto was established in 2019 and is headquartered in Suzhou. It is currently in a stage of rapid development. The company focuses on the R&D and technical services of smart cars and is committed to improving the safety and comfort of smart chassis and autonomous driving systems. Since its establishment, Gewu Automobile has cooperated with many world-renowned companies, completed more than 200 R&D and test projects, and gained wide recognition in the industry.

The company's products include self-driving development: providing self-driving system developers with effective simulated traffic flow that can be used for interactive games, by constructing important scenarios in the proving ground that cannot be completely replaced by simulation, and providing objective Evaluation methods and standards, thereby greatly shortening the development cycle and promoting the early implementation of the system; smart travel: combining vehicle-mounted and roadside sensing sensors to provide an evaluation system and method for driver behavior, which can help end users improve driving skills and reduce accidents Risks can also help travel companies provide safer, more comfortable and efficient services to passengers, and increase the stickiness of platform users; driver behavior model: effectively, objectively and truly evaluate the driving behavior of all vehicles on the road, supporting the government and transportation The department conducts traffic planning, design and optimization for specific congestion scenarios.

Du Guanghui, chairman of Gewu Automobile, said that intelligence is the focus of the post-new energy era, and the research and development of the two core systems of intelligent vehicles - intelligent chassis and autonomous driving are about to enter an explosive period. Gewu Auto will seize this opportunity, establish its own R&D and testing base, and continue to move forward towards the vision of "becoming the industry benchmark for smart vehicle R&D technical services."