Autonomous driving company Motovis closes RMB100m Series A2 round

The embedded artificial intelligence autonomous driving company Motovis announced that it has completed is Series A2 round of financing, raising 100 million yuan. This round of investors includes CGP Investment, Orca Capital and Boxin Capital.

The embedded artificial intelligence autonomous driving company Motovis announced that it has completed is Series A2 round of financing, raising 100 million yuan. This round of investors includes CGP Investment, Orca Capital and Boxin Capital.

Proceeds from this round of financing will be used to develop core technologies and products for autonomous driving, consolidate core clients and market cooperation, promote large-scale mass production, and develop more markets and clients.

Motovis was established in early 2015. The core team won the first prizes in five artificial intelligence algorithm competitions in the world and won two international awards. Its mass production program covers all levelsv(L1-L4) autonomous driving, and it can provide a variety of automatic driving systems including automatic parking, valet parking, AEB and TJP.

Motovis has established cooperative relations with nine of the top ten automakers of independent Chinese passenger vehicle brands, and has launched cooperation with leading commercial vehicle manufacturers and bus groups in super first-tier metropolises. The orders for its three product lines exceed 100,000 sets, and the goal for the next three years is one million sets.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/15/autonomous-driving-company-motovis-closes-rmb100m-series-a2-round/.

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