Beijing (Gasgoo)- China’s autonomous driving startup Yunchuang Zhixing announced on November 24 the completion of its Pre-A+ financing round, which raised for the company tens of millions of yuan.
Photo credit: Yunchuang Zhixing
According to the company, the proceeds of this round will be allocated to expand its R&D investments as well as accelerate the business exploration and application of Yunchuang Zhixing’s self-driving street cleaning vehicles.
The fresh round was invested by Baidu Ventures. Prior to this, Yunchuang Zhixing’s Pre-A financing round had NIO Capital as its one of its joint leading investors. Notably, the Pre-A+ financing round is Yunchuang Zhixing’s second round of investments in four months.
Founded in March 2021, Yunchuang Zhixing is an autonomous driving company focusing on the sanitation industry. Its operations cover the design of full-function systems such as unmanned sanitation vehicles, automotive intelligence, vehicle-road-cloud V2X synergy, smart environmental sanitation 5G cloud control management platform, remote assisted driving, etc. It has strong advantages in the integrity and systematization of scheme design.
In addition, the company currently holds two centers in China, namely an R&D center in Beijing and a manufacturing center in Suzhou, Jiangsu Province. The Suzhou manufacturing center meets the production and debugging requirements of multiple unmanned cleaning vehicles, and realizes the large-scale production of the entire self-driving cleaning vehicle lineup with an annual output of 500 units.
