Home / ICV / News detail

GAC AION seeks intelligent driving advancement via investment in Holomatic

Gabriella From Gasgoo| November 23 , 2022 17:47 BJT

Beijing (Gasgoo)- GAC Group has led the C2 financing round of local autonomous driving solution provider Holomatic, GAC AION announced on November 23. 

GAC AION seeks intelligent driving advancement via investment in Holomatic

AION LX Plus; photo credit: GAC AION

According to GAC AION, Holomatic has raised $100 million in the entire Series C rounds, and the proceeds will be put towards high-level autonomous driving technology R&D, large-scale production, and others.

Founded in 2017, Holomatic is a dedicated provider of mass-produced autonomous driving solutions in China, with full-fledged layout from artificial intelligence algorithm to embedded system, from big data closed-loop to system iteration. 

Prior to the financing rounds, GAC AION and Holomatic have been cooperating in the fields of L2++ intelligent driving functions, automated parking, and memory parking functions. Currently, their co-developed NDA intelligent assistant driving function has been successfully implemented onto the AION LX Plus model, which is installed with three second-generation LiDAR units.

In addition to external cooperations, GAC AION has also independently developed and mass-produced intelligent connected technologies such as the Xingling Architecture and the Pusai OS.

Leveraging its two-pronged strategy that focuses on proprietary innovatios as well as joint cooperations, GAC AION has formed a strong ability of vertical integration throughout the industrial chain. The investment in Holomatic will further enhance the automaker's strength in the full-scenario applications of mass-produced autonomous driving technologies.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com
Car and City