China’s automotive sensor supplier ANNGIC completes Series-C financing round

Beijing (Gasgoo)- Shenzhen-based automotive sensor supplier ANNGIC recently completed its Series-C financing round, raising over a million yuan, the company announced earlier this week.

Photo credit: ANNGIC

The proceeds from the round will be put towards accelerating the company’s cooperationwith automakers and volume production in the ADAS field.

Founded in 2014, ANNGIC is a full-fledged company dedicated to production, R&D, and sales of millimeter-wave radars and image vision sensors. With its years of experience, the company has entered the supply chains of many mainstream automakers in China, including Great Wall Motor, VOYAH, BAIC Group, Dongfeng Motor Group, Foton Motor, etc. The company has supplied products to more than a hundred vehicle models so far. 

ANNGIC’s proprietary intelligent driving system supports a variety of flexible system architectures from 1V, 1R1V, 5R1V to 5R10V12U, with system functions covering L2 to L2.9. 

In the field of millimeter-wave radar, ANNGIC holds leading product and technical capabilities in China. From 4D imaging radar to entry-level angular radar, its rich product matrix provides various choices for automakers at different levels. 

In addition, with its nearly 10-years’ worth accumulation in millimeter-wave radar technology, the company has reached an in-depth cooperation with Horizon Robotics. Their jointly developed products for path planning and vehicle control have been deployed for mass-production projects with Dongfeng Motor and Wuling Motors.