On July 2, Gasgoo was informed by Suzhou Tiantong Weishi Electronic Technology Co., Ltd. (hereinafter referred to as “Tiantong Weishi”) that it had recently completed a total of 500 million yuan in Series D financing. After the landing of this financing, Tiantong Weishi will further promote the implementation of Robotaxi nationwide.
It is reported that this round of financing is jointly invested by state-owned background industry funds and a number of technology industry capitals, includingZF, SAIC, BAIC Group, etc. Since then, its shareholder structure has successfully integrated from upstream hardware supply, large model development, 5G technology partners, to top international Tier 1 suppliers, leading car companies at home and abroad, and then to local governments that provide rich landing scenario support, building an unprecedented ecosystem of the whole industry chain.
Image source: Tiantong Weishi
The synergy effect will significantly enhance the three core capabilities of Tiantong Weishi:
In terms of technology research and development, through strategic collaboration with the world’s leading hardware suppliers and large model companies, the company will build a more efficient intelligent driving technology iteration system;
In terms of mass production, relying on the industrial resources of the world’s top Tier1 partners and leading car companies, it will accelerate the large-scale commercial process of mid-to-high-end intelligent driving solutions;
In terms of business expansion, based on the diversified scenario support provided by local governments, it will create a closed loop of commercial commercialization of Robotaxi and Robobus intelligent driving covering complex urban scenarios.
Wang Xi, CEO of Tiantong Vision, said: “This round of financing confirms the market’s high recognition of the company’s technical route and commercialization capabilities. We will continue to focus on the R&D and application of mid-to-high-end intelligent driving and L4 unmanned driving, continuously break through the technical bottlenecks of complex scenarios, and actively explore in-depth cooperation with more strategic partners to jointly create a sustainable intelligent driving future. ”
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