JingChi raises $52M in Pre-A round to fuel growth and development of autonomous fleets for US and China

28 Sep 2017   China, Electric Cars

JingChi Inc. has completed a combined $52-million pre-A investment round from lead investor Qiming Venture, strategic investor NVIDIA GPU Ventures, and a consortium of other investors. The investment allows JingChi rapidly to expand its research and development teams globally, and ramp up deployment of a fully Level 4 autonomous driving test fleet in China by the end of 2017. Duane Kuang, Founding Partner at Qiming, will join JingChi’s board of directors. JingChi was founded in early April 2017 and has already broken several records in its brief autonomous driving history. In less than five weeks, the company successfully completed autonomous driving tests in a closed venue. On 18 June, JingChi became the 34 th company to obtain a license for testing autonomous vehicles on California’s public roads. On 24 June, JingChi completed its first autonomous mode testing on public roads in Sunnyvale, California—81 days after JingChi started operations. On […]

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