Shanghai-headquartered autonomous driving startup Motovis has raised RMB 100 million in its Series A2 round, 36Kr reported on Tuesday.
Nantong Shengshi Jinhao Investment Management Company Limited, Orca Capital, and Boxin Capital joined this investment round. New funds will be used on R&D, mass production, and market expansion, said the company.
Motovis provides automakers with different levels of automation solutions, including advanced driving assistance systems, autonomous parking, auto valet parking, autonomous emergency braking, traffic jam pilot, driver status monitoring, and blind-spot detection.
The company has gained 100,000 orders for its solutions and has set a three-year target of 1 million orders, according to 36Kr.
36Kr is KrASIA’s parent company
This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.