AICC completes A+ financing round

Beijing (Gasgoo)- On November 29, Automotive Intelligence and Control of China Co., Ltd (AlCC) announced the completion of its A+ financing round, which raised for the company hundreds of millions of yuan.

Photo credit: AICC

Following an earlier investment from Beijing Information Industry Development Investment Fund, AICC now secured backing from the Industrial Upgrade Equity Investment Fund of Beijing Economic-Technological Development Area.  

AlCC focuses on intelligent connected vehicle (ICV) foundational computing platforms. The company plans to use the funds to accelerate product iteration, scale mass production, and enhance market promotion.  

Founded in 2020, AlCC is a high-tech platform company established by a consortium of industry leaders, market investors, and government funds. The company focuses on the development, commercialization, and ecosystem building of ICV computing platforms and development systems. Its modular approach, featuring a "platform-based hardware–operating system–application software" decoupling model, helps automakers efficiently customize development processes while reducing costs and complexities.

The investment fund will work closely with AlCC to drive product innovation and market deployment of its computing platforms. Additionally, AlCC aims to strengthen collaborations with enterprises in the Beijing Economic-Technological Development Area, contributing to the region's industrial upgrade in the ICV sector.