GWM-backed self-driving company plans Hong Kong IPO next year

GWM-backed self-driving company plans Hong Kong IPO next year

Haomo.ai, a self-driving AI expertise company backed by Chinese automaker Great Wall Motor (GWM), is contemplating a Hong Kong IPO next year. The company goals to boost $300 million to $400 million in funding and is presently in discussions with potential monetary advisors concerning the IPO plan. Haomo.ai, the autonomous driving division of GWM, turned impartial in 2019. In December 2021, the company raised practically RMB 1 billion ($14 million) in a Series A funding spherical from buyers corresponding to Meituan and GL Ventures, making it a noticeable unicorn company. In April 2022, it secured tons of of hundreds of thousands of RMB in a Series A+ funding spherical led by Bank of China Group Investment Limited. [Jiemian, in Chinese]

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