On March 24th, UISEE Technologies, a cutting-edge driverless solution provider, officially announced the completion of a round C financing worth several hundred million yuan. This round of investment was led by Dongfeng Asset Management and Chongqing High-tech Holdings under Chongqing High-tech Development and Construction Investment Group. The funds will accelerate the broad-based expansion of UISEE Technologies in key strategic industries.
Autonomous driving technology company UISEE and the Guangdong Airport Authority have jointly unveiled a "Smart Logistics Laboratory" and the launch of an unmanned tractor project.
Lalamove is steadily moving towards completing its financing target of $1.5 billion. Matrix Partners China announced a new flagship fund of roughly $1.2 billion. VSPN and Uisee both raised serious capital.
Chinese self-driving solutions startup UISEE Technology has completed a new funding round and raised more than 1 billion yuan ($154 million), the company announced on Monday.
China's autonomous driving companies have been enjoying a period of growth recently, as massive capital injections from investors pour in.