Atech Completes Round A Financing
On August 2, Atech Automotive (Wuhu) Co., Ltd., an auto parts company, announced the recent completion of an A round of financing, though the amount was not been disclosed. Investors included Dongfeng BOCOM Yuanjing Auto Industry Equity Investment Fund which is managed by BOCOM International, Fosun Capital, Costone Capital, Shanghai October Asset Management co., Ltd., Cowin Capital, Hua Capital and CITIC Securities.
Atech was established in Wuhu, Anhui Province in 2002 and engages in the design, development, manufacture and sale of a wide range of auto electronic products. At the end of 2021, the company secured investment from Xiaomi.
Atech is committed to the technical innovation of automotive electronics. It takes the new generation of electrical and electronic architecture and SOA concept as its core and then develops products such as central domain control, body and domain controllers, Ethernet gateway, digital consoles, among others. With these technologies, the company is looking to construct a complete automotive electronics ecological chain. Atech products are currently being used in more than 10 million vehicles nationwide.
Atech is the first to develop the most complete body domain control with 56 functions in China. For console use, Atech has a forward-looking layout of high-calculus chip resources and leading hardware and software design and development capabilities. In its smart driving segment, Electronic Radar (Wuhu) Technology Co. Ltd., a company under Atech, is the first company to mass-produce 77G millimeter wave radar in China, which is now being localized from the upstream chip.
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Atech is actively expanding its three-domain convergence products. Based on its body domain technology, the company is gradually integrating functional devices and technology platforms of the cabin and intelligent driving domains through its body controller (BCM) / body domain control (BDM) technologies to create a new generation of SOA-based software-defined automotive electronic and electrical architecture platform.
Its downstream customers include Chery, Great Wall Motor, Changan Automobile, Geely, FAW-Volkswagen Audi, Volvo, BAIC Group, Li Auto and XPeng Motors.