Finance

MINIEYE Raised D1 Spherical of Financing, Will Ship 500,000 ADAS Merchandise in 2021

NEW YORK, July 7, 2021 /PRNewswire/ — Not too long ago, MINIEYE, a self-driving expertise developer, introduced the completion of the D1 spherical of financing. For this spherical of financing, CICC ALPHA and Dongfeng Asset Administration Co., Ltd. are lead buyers, and previous shareholders, equivalent to Harvest Capital and Imaginative and prescient Plus Capital, are co-investors.

CICC ALPHA and Dongfeng Asset Administration Co., Ltd. are skilled in investing within the area of autonomous driving. This time, MINIEYE’s joint lead buyers give attention to the event technique of “one physique and two wings”. Dr. Liu Guoqing, the founder and CEO of MINIEYE, mentioned that the second half of the competitors in autonomous driving is a contest between the gamers’ complete high quality, technical means, mass manufacturing means and price management means. This spherical of financing will assist the corporate to strengthen the benefits maintained in these areas.

As a number one developer of autonomous driving expertise in China, MINIEYE is dedicated to offering dependable notion and decision-making options for self-driving vehicles. Whereas lowering the visitors accident price and making certain the protection of drivers and passengers on the street, it creates an clever interplay expertise and helps the large-scale software of autonomous driving expertise.

MINIEYE researches autonomous driving notion expertise and planning and management expertise. Its mass manufacturing options are relevant to eventualities that embody each driving and parking. Within the driving situation, it focuses on a full-domain answer that integrates out-of-cabin and in-cabin sensing, together with ADAS options for L2+ and under and features equivalent to DMS, OMS and in-cabin interplay. Within the parking situation, it gives APA and AVP.

It’s reported that by counting on superior R&D capabilities and wealthy mass manufacturing expertise, MINIEYE is accelerating the large-scale implementation of autonomous driving merchandise. At current, MINIEYE’s front-end mass manufacturing prospects embody home autonomous model automotive corporations equivalent to Dongfeng, Liuzhou Car, Geely Business Car, SAIC, BYD, Weichai, Jianghuai, Heavy Responsibility Car, Shaanxi Car, and so forth., and three way partnership model automotive corporations equivalent to Jiangxi Isuzu and Jiangling Ford. MINIEYE has delivered 230,000 ADAS merchandise within the first half of 2021, up 245% 12 months on 12 months. It expects 500,000 units to be delivered by the top of 2021.

Associated Photographs

minieye.jpg
MINIEYE

Cision

View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/minieye-raised-d1-round-of-financing-will-deliver-500-000-adas-products-in-2021–301326546.html

SOURCE MINIEYE

Related posts

Algonquin Energy & Utilities Corp. Pronounces 2021 First Quarter Monetary Outcomes

admin

Inexperienced vitality funds high league desk in banner yr for ESG

admin

Tamarack Valley Power Ltd. Publicizes First Quarter Monetary Outcomes & Clearwater Winter Drilling Program Replace

admin

Leave a Comment