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Unmanned mining solution provider EACON bags over 300 million yuan in C++ financing

Gabriella From Gasgoo| March 12 , 2024 17:34 BJT

Beijing (Gasgoo)- On March 12, Chinese unmanned mining solution developer EACON announced the recent completion of its C++ round financing, raising over 300 million yuan. 

Unmanned mining solution provider EACON bags over 300 million yuan in C++ financing

Photo credit: EACON

Leading this round are existing investors MinxiXinghang State-owned Investment and Zijin Mining, with participating investment from the Zhengzhou Talent Fund. This latest round, combined with the previous C and C+ rounds, brings EACON's total equity financing to 700 million yuan within six months.

The funds raised will be allocated towards the R&D of technical products and the management of autonomous driving operations. In July 2023, EACON achieved a milestone by deploying a fleet of over a hundred autonomous vehicles, establishing the largest-scale autonomous mining fleet globally.

EACON, as a leading operator in autonomous mining capabilities, integrates its expertise in autonomous driving technology with robust on-site operational capabilities to provide unmanned transportation operation services to mining areas. 

Addressing the safety, efficiency, and environmental needs of the mining industry, EACON pioneered the "Yushi" platform, a new energy autonomous driving control-by-wire platform. With its forward-thinking design, adaptable intelligent chassis-by-wire system, and hybrid technology suitable for various operational conditions, the platform supports rapid upgrades from manned to unmanned operations. 

Currently, the platform is in practical use in four vehicle models, totaling nearly 300 wire-controlled mining trucks, accumulating over 4.2 million kilometers in autonomous driving experience.

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