Yihang Intelligence nabs hundreds of millions of yuan in Series C funding

Published: Sep 27, 2024 17:55

Source: gasgoo

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Recently, autonomous driving solution provider Yihang Intelligence completed its Series C financing round, which raised for the company several hundreds of millions of yuan, the company announced on W...

Beijing (Gasgoo)- Recently, autonomous driving solution provider Yihang Intelligence completed its Series C financing round, which raised for the company several hundreds of millions of yuan, the company announced on WeChat on September 26.

The round was jointly invested by BAIC Capital, Zhejiang Jinkong Investment Management, Deqing County Industrial Investment, and Caitong Capital.

Yihang Intelligence plans to use the funds on developing its next-generation advanced intelligent driving systems. The company is prioritizing the creation of a new urban intelligent driving platform, dubbed "Duxing." The first offering from this platform will feature a cost-effective solution powered by Horizon Robotics’ J6E smart computing solution, combining highway NOA (Navigate on Autopilot) with urban memory navigation to cover most daily driving scenarios, pushing advanced driving features toward mainstream adoption.

Founded in 2016, Yihang Intelligence was among China’s first autonomous driving companies, with proprietary algorithms for perception, decision-making, and control. It provides solutions such as ADAS, NOA, and FSD, alongside domain controllers and camera modules. Yihang has accumulated over 500 million kilometers of driving data, serving clients like Li Auto, BAIC Group, SAIC Maxus, Polestones, and FAW Volkswagen.

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