[ Chexun Wang reported ] 2020 October 26, billion-coffee Technologies (ECARX) announced the completion A round of financing, financing amount of 1.3 billion yuan, the investment valuation of billions yuan. Round lead investor of Baidu, Heiner Asia venture capital (SIG) with the cast, the parties will be the rapid development of one hundred million coffee Technologies provides a comprehensive resource coordination, focusing intelligent core automotive technologies, promote open globalization strategy.
Geely Holding Group as a strategic investment, to operate independently of the intelligent car technology companies, billion-chip auto focus coffee Technologies, intelligent cockpit, smart driving, high-precision maps, large data and car network cloud platform and other core technology products, continued to build the industry’s leading intelligent network linking open platform. Currently, billion-coffee-pass technology developed by Geely depth of customization Kyrgyzstan customer intelligence ecosystem (GKUI) 4G has more than 2.2 million online users, to become the industry’s fastest growing number of users with intelligent network systems, and 100 million per year more than the amount of users continues to grow. After four years of growth, hundred million coffee Technologies has become a lot of technology companies Geely strategic investment in ldquo; leader rdquo ;.
one hundred million coffee through rapid and healthy development of science and technology, has been fully recognized by the capital markets and strategic partners. As early as July 3, 2019, billion-coffee Technologies and Baidu on Apollo signed a strategic cooperation agreement, both sides will continue in-depth cooperation in the future in a small degree of on-board, AI brain, voice technology, automotive and other areas of the map. SIG as the world’s leading investment institutions, will also use its resources in the Internet field, to help one hundred million coffee Technology and constantly improve the intelligent network linking ecosystem services.
round of financing funds will be used to continue cultivating automotive chips, put into high-precision maps, autopilot technology research and development, to promote the company’s internationalization process. Is expected by the end of 2020, billion-coffee Technologies will be officially set up R & D centers in Europe, US and European markets for the provision of technical services and platform capabilities; automotive chips, has also been around intelligent cockpit, autopilot, microcontrollers and other products, well-developed products R & D strategy and production plan.
reached this round of financing, marking the company has completed a formal docking with the capital market capitalization processOr will be further accelerated.