PR92494

WUHAN, China, Oct. 22, 2021/PRNewswire=KYODO JBN/--

JIMU Intelligent, the global leading intelligent driving solution provider, has

successfully raised CNY 200 million in a Series C1 funding round. This round

was jointly led by Forebright Capital and SDIC Unity Capital, followed by

well-known institutions such as AVIC Pingshan, Founder H Fund, MY Tsinghua

Capital, UMC Capital and others.

The capital raised will allow JIMU Intelligent to further increase its R&D

investment in intelligent driving, connectivity and autonomous driving in

specific scenarios, continue to expand its customer base, and accelerate the

mass production of high-level intelligent driving technologies.

In this round of funding, JIMU Intelligent has introduced top-level investment

institutions, such as  renowned Forebright Capital, SDIC Yangtze backed by

State Development & Investment Corp., AVIC Pingshan, a subsidiary of China

Aviation Industry Corporation, Founder H Fund, a wholly-owned subsidiary of

Founder Securities, MY Tsinghua Capital backed by Tsinghua Strait Research

Institute, and UMC Capital, an internationally renowned semiconductor

group,etc. These new shareholders will promote the development of JIMU

Intelligent with their industrial resources and capital.

Since its founding in 2011, JIMU Intelligent has been committed to becoming an

internationally competitive intelligent driving solution provider, providing

global OEMs and Tier-1 suppliers with self-developed leading intelligent

driving solutions based on multi-sensor fusion and domain controllers. Relying

on the industry-leading technology and cost-effective advantages, JIMU's

intelligent driving products have been applied in batches to around 100 models

of nearly 30 OEMs globally. Up to now, JIMU Intelligent has won multiple

passenger vehicle ADAS projects, supplying 80%+ head bus OEMs and 60%+ head

truck OEMs in China, ranking top three in the market share of commercial

vehicle L1-L2 solutions among Chinese companies.

Thanks to its rich experience in mass production in the commercial vehicle

field, JIMU Intelligent has opened the passenger car market since 2020, and has

won a number of L1~L2 new energy passenger car projects. In terms of products,

JIMU's L2+ domain controller will be completed by the end of this year. After

this funding, the company will continue to actively expand the passenger car

market, trying to enter the supply chains of at least five leading car

companies in the next two years, and becoming a mainstream intelligent driving

solution provider in the passenger vehicle field.

In addition, JIMU Intelligent is actively exploring overseas markets. It has

reached extensive and in-depth cooperation with many international top T1

suppliers, and has taken the lead in exporting intelligent driving solutions to

Japan, South Korea and other automotive powerhouses.

At present, the company's new series funding is progressing smoothly.  

Regarding this funding, Cheng Jianwei, founder and CEO of JIMU Intelligent,

said: "Thanks to all our investors and customers for their recognition and

support. We will actively grab the opportunities of the era of intelligent

driving, make every effort to promote more technological breakthroughs and

product innovations,  and link industry ecosystem partners to create an

intelligent driving enterprise with international competitiveness."

SOURCE: JIMU Intelligent