Chinese X-by-wire product developer AcMotion closes angel funding round

Beijing (Gasgoo)- AcMotion, a Chinese automotive X-by-wire product developer, recently announced the completion of its angel round financing in June. 

The investment was from CWB Capital and the Mingyue Lake International Smart Industry Innovation Park.

Photo credit:  AcMotion

With the completion of this funding round, AcMotion will further expedite its research and development efforts and industrialization of automotive wire-control products. Leveraging its independently developed core technologies, the company aims to provide customers with safe, reliable, energy-efficient braking solutions, positioning itself as a core supplier in China's electric intelligent vehicle industry.

Established in August 2020, AcMotion focuses on the fields of intelligent driving and new energy vehicles. Its core development platform, ARTEMIS, enables the development of wire-control braking, wire-control steering, and chassis domain controllers. Additionally, the company has successfully entered the market with its modular intelligent skateboard chassis, Swan, which has been deployed in logistics, sanitation, industrial parks, as well as research and education scenarios, showcasing the company's expertise in software-defined chassis.

"In the future, AcMotion will continue to expand into the high-level wire-control chassis domain, with a focus on new energy vehicles and autonomous driving. By deepening cooperation with major automakers, we will continuously enhance our product and service offerings, providing customers with stable and reliable wire-control chassis solutions on a large scale," stated Wei Jing, CEO of AcMotion.