HiRain Technologies closes RMB210m new financing round

Jingwei HiRain Technologies, an automotive electronic systems technology service provider, announced June 30 the completion of a new round of financing.

Jingwei HiRain Technologies, or Hirain, an automotive electronic systems technology service provider, announced June 30 the completion of a new round of financing.

Huaxing Growth Capital exclusively invested 210 million yuan in this round, becoming the company’s largest external investor.

After completing this round of financing, HiRain Technologies will continue to increase product development investment in intelligent driving, intelligent network connection, new energy, unmanned driving maintenance in closed-circuit scenario and other areas, and continue to expand its client base and improve product and service quality.

Founded in 2003, HiRain Technologies is a high-tech enterprise engaged in the development and production of electronic products in the automotive industry (intelligent driving, Telematics), solution consulting services, research and development tools services, and maintenance of autonomous driving operations in specific scenarios.

The company is headquartered in Beijing, with branches in Shanghai, Chengdu, Shenzhen, Detroit, USA, Munich, Germany, Tianjin, Nantong, and set up modern automotive electronics production plants in Tianjin and Nantong.

Since its establishment nearly 20 years ago, the company has more than a thousand domestic and foreign clients in the automotive industry.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/03/hirain-technologies-closes-rmb210m-new-financing-round/.

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