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