China’s intelligent driving solution provider Fullong Technology closes angel round

Shanghai (Gasgoo)- Fullong Technology, a Chinese advanced driver-assistance system developer, recently completed its ten-million-yuan-level angel round, from which the proceeds will be mainly used for the R&D and upgrade of driver assistance products, the company announced on last Friday via its WeChat account.

Founded in 2018, Fullong Technology is a provider of the solutions dedicated to Internet of Vehicles (IoV) and intelligent driving. It offers L2+ advanced driving assistance systems and solutions for intelligent cockpits. The company's headquarters and manufacturing center are located in Ningbo, with R&D centers situated in Hangzhou and Shenzhen cities.

Photo credit: Fullong Technology

Since establishment, Fullong Technology chose the IoV field as its gateway, and successively developed and produced a series of in-car devices, such as T-Box, digital dashboards, and advertising system terminals for ride-hailing/taxi rear seats.

The company has established partnerships with Dongfeng Motor, Dongfeng Peugeot Citroen Automobile, Dongfeng Liuzhou Motor, HOZON Auto, Wuling, Changan Automobile, Beijing Automobile Works, Didi Chuxing, T3 Go, and others to achieve a large-scale application of IoV products.

Fullong Technology is also promoting the deep integration of artificial intelligence and advanced driving assistance products, and conducting R&D based on the algorithms related to intelligent speech recognition and intent understanding, in order to create intelligent cockpit systems.

Fullong Technology said it has cooperated with some partners to jointly test the mass-produced intelligent driving products onto cars, and is expected to launch related products next year. In addition, the company also provides advanced driving assistance solutions for specific scenarios such as recreational vehicles.