Huixi Technology closes strategic financing round led by Jingwei HiRain

Gabriella From Gasgoo

Huixi Technology, the Chinese automotive computing platform developer, announced on July 11 the completion of a strategic financing with hundreds of millions of yuan raised.

Main productsIntelligent driving electronic products Advanced driver-assistance system ADAS, driver monitoring system DMS, autonomous driving domain controller ADCU, lidar integration system ILS, on-board high-performance computing platform HPC2.5, 4D imaging radar, 4D millimeter-wave radar Intelligent connectivity electronic products Telematics box T-Box, gateway controller GW, 5G V2X T-Box Body and comfort domain electronic products Anti-pinch control unit APCU, body control module BCM, passive entry and passive start system PEPS, body domain controller BDCU, power liftgate module PLGM, door domain controller DDCU, seat control module SCM, central computing platform CCP, zone control unit ZCU, digital key system BLE/UWB Chassis control electronic products Electric power steering system EPS, electronic parking brake system EPB, integrated brake assist system IBAS, chassis domain controller CDC, steer-by-wire system SbW New energy and powertrain electronic products Vehicle control unit VCU, DC-DC power module, battery management system BMS, integrated power unit IPU, motor control unit MCU, intelligent actuator unit IAU, on-board charger OBC Smart cockpit electronic products On-board camera CAM, vehicle ambient lighting system (VALS), smart cockpit sensing system SCSS, adaptive driving beam system ADB, overhead light controller OHC, augmented reality head-up display AR-HUD, adaptive front-lighting system AFS, camera monitoring system CMS Automotive electronic product development services Intelligent connected vehicle ISO 26262 functional safety development solution, vehicle EMC forward development and simulation, intelligent connected vehicle safety of the intended functionality (SOTIF) development solution
Main productsNew Energy Vehicles Module Products: DC Fast Charging Modules, Energy Storage and Charging Modules, On-board Power Modules Monitoring Products: Charging Control Modules, Charging Cloud Platform System Products: Standard DC EV Chargers, Split-type Charging Systems, Fully Liquid-cooled Supercharging Systems, AC EV Chargers, V2G EV Chargers

Beijing (Gasgoo)- Huixi Technology, the Chinese automotive computing platform developer, announced on July 11 the completion of a strategic financing with hundreds of millions of yuan raised. 

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Photo credit: Huixi Technology

The financing was led by Jingwei HiRain, with participation from Everest VC, Timing Capital, and 37 Interactive Entertainment. Additionally, returning shareholder Lianxing Capital (name in Chinese pinyin) continued to increase its investment.

Of note, this marks Huixi Technology's second financing round disclosed so far this year. In February, the company secured a similar multi-million-yuan angel round and Series A financing led by Shunwei Capital and Xiaomi Group. Since its establishment in April 2022, Huixi Technology has completed a total of three financing rounds within a little over a year. The angel round was led by Genesis Capital and NIO Capital.

Moreover, Jingwei HiRain has also signed a strategic cooperation agreement with Huixi Technology. The two parties will focus on future intelligent transportation, jointly creating a mass-produced autonomous driving solution based on domestic high-performance System-on-Chip (SoC). This collaboration aims to help customers quickly achieve mass production and implementation of advanced autonomous driving features, including light map urban NOA function.

Huixi Technology was co-founded by Xu Ningyi, Zhang Jianyong, and He Guanghui. Zhang Jianyong, formerly the AVP of autonomous driving at NIO, served as the head of the development team for NIO's first-generation autonomous driver-assistance system and the platform engineering team for the second-generation autonomous driving system. Currently, Huixi Technology has R&D centers in Beijing, Shanghai, Hefei, Hangzhou, and other cities.

According to Huixi Technology’s plan, its first SoC solution targeting the next-generation urban NOA function is expected to go into mass production in 2024.

Jingwei HirainSupplierCompany Insights
Location: China/Beijing/Beijing/Chaoyang District
Main productsIntelligent driving electronic products Advanced driver-assistance system ADAS, driver monitoring system DMS, autonomous driving domain controller ADCU, lidar integration system ILS, on-board high-performance computing platform HPC2.5, 4D imaging radar, 4D millimeter-wave radar Intelligent connectivity electronic products Telematics box T-Box, gateway controller GW, 5G V2X T-Box Body and comfort domain electronic products Anti-pinch control unit APCU, body control module BCM, passive entry and passive start system PEPS, body domain controller BDCU, power liftgate module PLGM, door domain controller DDCU, seat control module SCM, central computing platform CCP, zone control unit ZCU, digital key system BLE/UWB Chassis control electronic products Electric power steering system EPS, electronic parking brake system EPB, integrated brake assist system IBAS, chassis domain controller CDC, steer-by-wire system SbW New energy and powertrain electronic products Vehicle control unit VCU, DC-DC power module, battery management system BMS, integrated power unit IPU, motor control unit MCU, intelligent actuator unit IAU, on-board charger OBC Smart cockpit electronic products On-board camera CAM, vehicle ambient lighting system (VALS), smart cockpit sensing system SCSS, adaptive driving beam system ADB, overhead light controller OHC, augmented reality head-up display AR-HUD, adaptive front-lighting system AFS, camera monitoring system CMS Automotive electronic product development services Intelligent connected vehicle ISO 26262 functional safety development solution, vehicle EMC forward development and simulation, intelligent connected vehicle safety of the intended functionality (SOTIF) development solution
IncreaseSupplierCompany Insights
Location: China/Guangdong/Shenzhen/Nanshan District
Main productsNew Energy Vehicles Module Products: DC Fast Charging Modules, Energy Storage and Charging Modules, On-board Power Modules Monitoring Products: Charging Control Modules, Charging Cloud Platform System Products: Standard DC EV Chargers, Split-type Charging Systems, Fully Liquid-cooled Supercharging Systems, AC EV Chargers, V2G EV Chargers

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