MAXIEYE closes C1 strategic round to boost R&D, mass production

Beijing (Gasgoo)- China’s intelligent driving solution provider MAXIEYE announced on August 8th the completion of its C1 strategic financing round. 

Photo credit: MAXIEYE

The round was jointly participated by active players in the automotive chip industry, including Inno Chip, Cedarlake Capital, and Axera. The funds raised will be put towards the R&D of high-level intelligent driving technologies and supply chain reserve for mass production of L2 passenger vehicles or above . 

In the future, MAXIEYE and its investors will also coordinate with each other on strategic resources, give full play to the cross-territory cooperation ecosystem, and jointly advance automotive intelligence and mobility development. 

Based on the full-fledged platform technology system from sensing to planning and control, MAXIEYE has realized the differentiated and large-scale business application across passenger cars and commercial vehicles. 

In the field of passenger cars, the company focuses on two product lines, namely cost-effective L2 products and high-level automotive intelligence products, providing automobile enterprises and consumers with excellent driving solutions and services. 

In the field of commercial vehicles, from the regulation-driven safety products to the market-driven smart solutions, the industry is assisted by MAXIEYE to achieve cost reduction and efficiency.