Autonomous driving tech firm UISEE closes C-round financing

Beijing (Gasgoo)- Chinese autonomous driving solution provider UISEE announced the completion of its C-round financing, which raised for the company hundreds of millions of yuan.

Photo credit: UISEE

The funding round attracted investment from Dongfeng Asset Management and a subsidiary of Chongqing High-tech Development and Construction Investment Group. The successful financing also accelerate the strategic layout of UISEE in the field of autonomous driving for passenger vehicles.

Supported by the local government and two new shareholders, UISEE will establish a passenger vehicle business headquarters in Chongqing city, applying its L4 U-Drive® self-driving technology to mass production fields for L2+ and L2++ autonomous driving application.

Since its inception in 2016, UISEE has been committed to providing AI driving services for the entire industry and all scenarios, serving as an AI driver to reinforce the development of mobility and logistics. UISEE has gained recognition from authoritative industry institutions for its technical capabilities, commercial value, investment potential, and development prospects. 

As of February 2023, UISEE's commercially-operated distance enabled by L4 autonomous driving system has exceeded 2 million kilometers.

The establishment of the passenger vehicle business headquarters in Chongqing is expected to accelerate UISEE's efforts in the field of autonomous driving for passenger vehicles and expand its commercial applications in the future.