QCraft closes Series C+ financing round

Beijing (Gasgoo)- On October 28, autonomous driving solution provider QCraft announced the completion of its Series C+ financing round, which raised for the company hundreds of millions of yuan, led by Zhulu Juhang Fund (name in Chinese pinyin).

QCraft's autonomous bus; photo credit: QCraft

The funds from this round will bolster QCraft's R&D in full-stack autonomous driving technology, focusing on large-scale deployment of mid-to-high-level Navigation on Autopilot (NOA) systems. QCraft aims to leverage continuous production data to drive technical upgrades, advancing its gradual evolution from L2++ to L4 autonomous driving capabilities.

As a leading provider of intelligent driving solutions, QCraft has established partnerships with top automakers, achieving significant production volumes and creating a closed-loop commercial ecosystem. To date, over 400,000 vehicles have been delivered with QCraft's NOA solution.

Leveraging its extensive production and deployment experience, QCraft has amassed a unique repository of high-quality, diversified data across real-world scenarios. The company’s AI large model and data-driven R&D model accelerates iterative improvements, transforming mass-production insights into end-to-end R&D and application advantages. Through its platform-based product structure and standardized delivery model, QCraft is expanding its L2++ commercial ecosystem towards a fully integrated L4 framework, aiming to bring the industry closer to the singularity of fully autonomous driving.