Mogo Auto, a company offering autonomous driving technology and operation services, has successfully raised 580 million yuan ($83 million) in C2 round financing.
GravityXR, a chip development company specializing in extended reality (XR) glasses, has completed a pre-A+ round of financing worth hundreds of millions of yuan.
Chinese millimeter-wave radar startup Sinpro announced that it has completed an A round of financing worth hundreds of millions of yuan. This round of financing was led by NIO Capital and Xiaomi's industrial investment affiliate.
DeepLang AI, an AI startup founded by a team from the Natural Language Processing Laboratory at Tsinghua University (THUNLP), has completed a new round of financing with a market valuation of approximately $100 million.
SENSilicon, a company that develops high-performance digital-analog hybrid and signal chain chips, announced on April 3 the completion of a round A financing worth 120 million yuan ($17 million).
Naturobot, an enterprise automation process platform to provide information for the management and performance improvement of enterprises, has received Pre-A2 round financing.
DeepWay, an intelligent truck manufacturer based in China, has secured over 1.2 billion yuan ($174 million) in funding after completing its A+ round financing of 770 million yuan ($117 million).
On March 23, Shanghai-based RISC-V chip technology startup StarFive announced that it had received an investment from Chinese search giant Baidu of an undisclosed amount.
On March 22, Evergrande, a property developer that has been at the center of China's property sector crisis, issued a warning stating that its electric vehicle division may need to suspend production if it fails to secure new financing.
E-tronic, a provider of power semiconductors and system solutions for electric vehicles, has recently announced the completion of its series A+ financing round raising tens of millions of yuan. The funding was exclusively led by Sinovation Ventures.
Enovate, a Chinese electric vehicle manufacturer facing financial difficulties, is set to receive a much-needed infusion of funds through a new round of financing.
On March 17, battery anode material startup Tanovus announced the successful completion of its Pre-A round financing, with investments totaling tens of millions of yuan led by IDG Capital. The company has confirmed that it will soon welcome A round financing.
Recently, Shanghai-based automotive acoustic solutions supplier ZAFEN completed a round A+ financing led by Beijing Xiaomi Zhizao Equity Investment Fund Partnership, an industrial investment fund under Xiaomi.
TCL RayNeo, an AR glasses company incubated by TCL Electronics, announced on March 6 that it had successfully completed the first round of financing of over 100 million yuan ($14 million).
VSPO, a Chinese esports startup specializing in tournaments, venues and production, has obtained a 1.8 billion yuan cash ($265 million) investment from Saudi Arabia’s Savvy Games Group.
In the last few months, Chinese electric vehicle maker WM Motor has experienced a series of upsets, such as internal salary reductions, headquarter layoffs, co-founder resignations and about 130 million yuan ($18.9 million) of assets being frozen.