Jimu Intelligent, a Wuhan, China-based intelligent driving solution provider, raised CNY 200m in Series C1 funding round.
This round was jointly led by Forebright Capital and SDIC Unity Capital, followed by institutions such as AVIC Pingshan, Founder H Fund, MY Tsinghua Capital, UMC Capital and others. In this round of funding, Jimu has introduced investment institutions, such as Forebright Capital, SDIC Yangtze backed by State Development & Investment Corp., AVIC Pingshan, a subsidiary of China Aviation Industry Corporation, Founder H Fund, a wholly-owned subsidiary of Founder Securities, MY Tsinghua Capital backed by Tsinghua Strait Research Institute, and UMC Capital, an internationally known semiconductor group, etc. These new shareholders will promote the development of JIMU Intelligent with their industrial resources and capital.
The company intends to use the funds to further increase its R&D investment in intelligent driving, connectivity and autonomous driving in specific scenarios, continue to expand its customer base, and accelerate the mass production of high-level intelligent driving technologies.
Founded in 2011 by Cheng Jianwei, CEO, Jimu Intelligent is an intelligent driving solution provider, providing global OEMs and Tier-1 suppliers with self-developed intelligent driving solutions based on multi-sensor fusion and domain controllers. The company’s intelligent driving products have been applied in batches to around 100 models of nearly 30 OEMs globally. After this funding, Jimu Intelligent will continue to actively expand the passenger car market, trying to enter the supply chains of at least five leading car companies in the next two years, and becoming a mainstream intelligent driving solution provider in the passenger vehicle field. In addition, the company is actively exploring overseas markets.