text: Original by Dongchedi Li Shuaifei
[Original by Dongchedi Industry] Recently, GAC Capital announced that the autonomous driving chip startup Yixing Intelligent Technology (Guangzhou) Co., Ltd. (hereinafter referred to as "Yixing Intelligent") completed a Pre-A round of financing of over 300 million yuan, and this round of financing was led by GAC Capital.
Source: Yixing Intelligent
Specifically, this round of financing was led by GAC Capital, jointly led by Dongfang Fuhai, and jointly invested by Yuexiu Industrial Fund, Guochuang Zhongding and other industrial investment institutions; at the same time, many old shareholders such as Linxin Investment and Volcano Stone Capital continued to increase their investment. After the completion of this round of financing, Yixing Intelligent's cumulative financing amount exceeded 500 million yuan.
It is understood that Yixing Intelligent was established in January 2022 and has now formed a core team of nearly 150 people, covering key areas such as autonomous driving algorithms and chip applications, front-end implementation, software and tool chains, and can provide support for car companies in the research and development, mass production of autonomous driving chips.
Source: Yixing Intelligent
At present, Yixing Intelligent has built a product matrix covering the development needs of all levels of autonomous driving, and can provide OEMs and industry customers with "open platform, balanced design, and controllable cost" chip solutions, and has received support from leading customers in the automotive industry.
Regarding this investment, GAC Capital stated that it will integrate GAC Capital's industrial empowerment advantages and Yixing Intelligent's medium and high computing power chip design experience, and jointly accelerate the domestic production process of autonomous driving chips from the source of application, and enhance the autonomous and controllable of the car companies in the "bottleneck" link.
Source: GAC Capital
Public information shows that GAC Capital is a capital operation and investment and financing platform under GAC Group . It has invested in chips, intelligent networking and new energy fields and empowered the automotive industry. It has successively invested in many companies such as Guangdong Xin Semiconductor, Horizon, Heduo Technology, Wenyuan Zhixing , Sagitar Juchuang, etc. In addition, GAC Capital has accounted for more than 85% of the investment amount in the fields of automobile electrification, networking, intelligence and sharing in recent years.
