Hongjing Drive closes multi-million-yuan Pre-A led by Lanchi Ventures

Hongjing Drive, a high-level self-driving software and hardware solution provider, announced the completion of a Pre-A round of financing, raising tens of millions of yuan. The round was led by Lanchi Ventures, with participation from Translink Capital and Linear Capital.

Hongjing Drive, a high-level self-driving software and hardware solution provider, announced the completion of a Pre-A round of financing, raising tens of millions of yuan. The round was led by Lanchi Ventures, with participation from Translink Capital and Linear Capital.

Proceeds from this round will be used to further polish products and expand the core R&D team, build production capacity and promote mass production preparation for L3 and below autonomous driving computing platforms; on the other hand, explore the business direction of L3 and above autonomous driving scenarios; and to achieve independent production, configuration testing, and product verification of core electronic and electrical components for autonomous driving.

Hongjing Driving was established in 2018, and its self-developed L3 / 4 level hardware and software integrated driving computing platform (ADCU – Autonomous Driving Computing Unit) is currently the only general-purpose platform solution in the Chinese market that supports advanced autonomous driving (level L3 / 4).

According to Liu Feilong, founder and CEO of Hongjing Driving, for the commercialization of high-level autonomous driving (L3 and above), the company will continue to focus on autonomous driving scenarios such as intelligent public transportation, high-speed logistics, and automated travel etc., conducting matching development with major OEMs and professional clients.

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/hongjing-drive-closes-multi-million-yuan-pre-a-led-by-lanchi-ventures/.

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