Chassis-by-wire tech firm Trugo Tech nabs 400 million yuan in Series B financing

Published: Dec 31, 2024 20:01

Source: gasgoo

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Chinese X-by-wire chassis technology company Trugo Tech recently announced the completion of its Series B financing round, which raised for the company 400 million yuan.

Beijing (Gasgoo)- Chinese X-by-wire chassis technology company Trugo Tech recently announced the completion of its Series B financing round, which raised for the company 400 million yuan.

Key investors of this round include FAW Equity Investment, Blue Lake Capital, Fortune Capital, and several other prominent funds and industry players.

Trugo Tech is positioned as a frontrunner in the chassis-by-wire sector. With over 600 million intelligent chassis brake products delivered so far, Trugo Tech has also reached a milestone with cumulative domestic ESC (Electronic Stability Control) shipments exceeding one million sets.

Moreover, the company's flagship product, the EHBI-Onebox electronic hydraulic brake system, is now in mass production, securing partnerships with nearly 10 major automakers for strategic projects.

In chip technology, Trugo Tech has initiated collaborations with leading automakers on domestic chip strategies, aiming to localize advanced components. The company has also co-founded an "Intelligent Chassis-by-Wire Joint Laboratory" with SAIC-GM-Wuling, Wuhan University of Technology, and Baolong Automotive to accelerate breakthroughs in intelligent chassis technology.

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