Unmanned vehicle solution provider Ecar closes new financing round

Beijing (Gasgoo)- Shanghai-based autonomous driving solution provider Ecar Tech (Ecar) today announced the completion of a new strategic financing round, which was backed by eGOVA, a local smart city solution developer. 

Photo credit: Ecar Tech

Leveraging this round of financing, eGOVA and Ecar also formed an in-depth cooperation, in a bid to use autonomous driving technologies to explore new possibilities in digital city management models in China. 

Under the cooperation, the duo will utilize each’s capabilities in autonomous driving and AIoT to improve both companies’ core competitiveness in smart city design, product innovation and iteration, project implementation and delivery, as well as the digitalization and intellectualization of operating services. 

Founded in 2018, Ecar focuses on developing highly integrated standardized chassis-by-wire system. The company has formed core capabilities in the skateboard chassis field, helping to promote the applications of unmanned vehicles under various scenarios. 

Up to now, Ecar has delivered nearly one thousand units of unmanned terminal delivery vehicles to clients, which include JD.com, UISEE, etc. 

Currently, Ecar is actively expanding its business reach, bringing its capabilities in self-driving vehicles to more scenarios other than logistics delivery, such as unmanned patrol vehicles, unmanned street sweepers, and unmanned vending vehicles.