Chinese intelligent driving solution provider Freetech completes Series B+ financing round

Beijing (Gasgoo)- On January 31, China’s intelligent driving solution provider Freetech announced the completion of its Series B+ financing round.

Photo credit: Freetech

Investors of the round include China Communications Construction Blue Fund, Tsari Capital, etc. Notably, the company bagged a strategic financing of roughly US$100 million in November 2022. Added with the fresh B+ round, Freetech has received nearly 1 billion yuan in its entire Series B. 

According to Freetech, the proceeds will help the company iterate its high-level intelligent driving technology and products, as well as strengthen commercial applications. 

Freetech independently developed the ODIN digital intelligent base solutions and product portfolio, domain control hardware, sensors, autonomous driving algorithm, and data closed-loop system composition. The company has built a full-stack capability to provide complete software and hardware solutions from functional software, middleware, bottom layer to hardware development and design. Freetech’s product lineup covers smart cameras, millimeter-wave radars, domain controllers, etc.

At present, Freetech has cooperated with more than 40 auto brands on over 100 cooperative models. The company’s products have been deployed by mass-produced models for more than 1 million sets in 2022.