EQ.com closes multimillion-yuan Pre-A round

On July 28, Yikong Zhijia, or EQ.com, a company that focuses on driverless mining vehicles, announced that it has garnered tens of millions of yuan in its Pre A round of financing fully funded by the Xinghang State-owned Investment, the controlling shareholder of the Chinese mining giant Zijin Mining.

On July 28, Yikong Zhijia, or EQ.com, a company that focuses on driverless mining vehicles, announced that it has garnered tens of millions of yuan in its Pre A round of financing fully funded by the Xinghang State-owned Investment, the controlling shareholder of the Chinese mining giant Zijin Mining.

The proceeds will be mainly used to speed up the productization of the company’s unmanned driving system in open pit mines, and strive to achieve the 24/7 unmanned transport operation without safety drivers as soon as possible to meet the demand for safe and efficient unmanned operation in mines.

Previously, Yikong Zhijia had received a full investment of 60 million yuan angel round from Estar Capital, which is the largest amount of funding among the angel rounds in the field of mining vehicle unmanned driving in the world.

Founded in May 2018, Yikong Zhijia focuses on unmanned driving technology for mining vehicles.

The core team of the company consists of talents in the fields of driverless algorithms, core hardware, intelligent mines, and operation platforms, with extensive experience in mining vehicle driverless system development, mining vehicle dispatching and monitoring platform development, and intelligent vehicle design.

Currently, it has reached strategic cooperation with various upstream and downstream enterprises.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/29/eq-com-closes-multimillion-yuan-pre-a-round/.

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