UISEE Technologies Raises Several Hundred Million Yuan in Round C Financing

On March twenty fourth, UISEE Technologies, a cutting-edge driverless answer supplier, formally introduced the completion of a spherical C financing price a number of hundred million yuan. This spherical of funding was led by Dongfeng Asset Management and Chongqing High-tech Holdings below Chongqing High-tech Development and Construction Investment Group. The funds will speed up the broad-based growth of UISEE Technologies in key strategic industries.

Yin Ming of Dongfeng Asset Management commented on the deal: “As a leader in commercial automated driving among implementation solution providers, UISEE Technologies has demonstrated its full-stack technological capabilities in several key business scenarios. We look forward to further strengthening the cooperation between our companies and relying on our respective resources in the future. These will include automated driving demonstration projects such as the mass production of passenger cars, commercial vehicles and agricultural machinery and equipment in implementation, so as to build an automated driving ecosystem of technology, industry, and capital.”

Zhang Mengya of Chongqing High-tech Holdings additionally spoke concerning the financing: “Automobile intelligence has always been our focus and direction. This cooperation with UISEE Technologies will accelerate the progress of the company’s mass production of passenger cars for factory installations, and further enrich and improve the local automobile ecological cooperation chain and exert the industrial agglomeration effect by relying on the passenger car headquarters set up by the company in Chongqing.”

With the assist of the 2 new shareholders and the native authorities, UISEE Technologies will arrange a passenger automobile enterprise headquarters in Chongqing, and apply L4-level U-Drive® know-how to factory-installed mass manufacturing fields equivalent to L2+ and L2++, which may present product matrices equivalent to Robobus, Robotaxi, unmanned supply autos and unmanned patrol automobiles.

Founded in 2016, UISEE Technologies leads in the creation of “All scenario + Unmanned + All-Weather” options. Based on the corporate’s personal “U-Drive ®” platform, it is ready to implement the large-scale, speedy replication of unmanned options in completely different eventualities to satisfy the high-level situational calls for of its clients.

The firm is among the first corporations in China to implement unmanned business purposes, and has efficiently constructed a benchmark for unmanned logistics software in giant airports equivalent to Hong Kong, Guangzhou, Urumqi and Xianyang, Xi’an. Smart logistics options have been delivered for the auto, chemical, tobacco, meals and different industries, and greater than 30 main business companions have efficiently helped to hold out digital intelligence transformation and upgrades.

SEE ALSO: UISEE Launches Unmanned Tractor Pilot Project at Guangzhou Airport

Wu Gansha, CEO of UISEE Technologies, is optimistic concerning the future growth of the corporate: “In breadth, UISEE Technologies will continue to strengthen the technical and commercial route of “model generalization and situational scheme”. It has change into the primary selection for automated driving upstream and downstream companions of hundreds of companies in the world. In depth, it leverages the sources of Dongfeng Motor Corporation and Chongqing to speed up the mass manufacturing of a “universal model together with the most difficult scenario” in passenger automobile merchandise, and creates a mannequin of “quantum transition” shaped by the joint efforts of capital, business, and authorities. “

As of February 2023, the business operation mileage of UISEE Technologies to security officers has exceeded 2 million km. At current, it has cooperated with many predominant engine factories and Tier 1 developments.

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