Haomo.ai nabs 300 million yuan in Series B2 financing round

Beijing (Gasgoo)- On April 23, Haomo.ai, the autonomous driving tech company backed by Great Wall Motor, announced it received 300 million yuan in Series B2 financing. 

Photo credit: Haomo.ai

The B2 round financing was jointly invested by existing shareholder JZ Capital and Huzhou Changxing.

This round of financing will be used to further strengthen Haomo.ai's investment in autonomous driving R&D, enhance the company's core competitiveness, and solidify its position in mass-produced autonomous driving technology industry in China.

In just four years, Haomo.ai has emerged as a strong force in China's mass-produced autonomous driving tech sector. To date, Haomo's HPilot intelligent driving solution has been deployed in over 20 vehicle models, covering nearly 140 million kilometers of intelligent driving distance. Haomo.ai's HP170, HP370, and HP570 three-thousand-yuan level assisted driving products, offer high cost-effectiveness and meet the mass production needs of vehicles at different price points. They are scheduled for mass production and deployment in 2024.

On the technological front, Haomo.ai focuses on the development of large-scale, high-computing, and data-driven autonomous driving technologies. The company launched the industry's first autonomous driving generative AI large model, the DriveGPT, which can significantly enhance the development of autonomous driving systems. The new development model and technological architecture will greatly accelerate the evolution of vehicle intelligence.