A Dongfeng Motor-backed vehicle has contributed to a round for the provider of autonomous driving technology developer led by China Internet Investment Fund.
China-based autonomous driving technology producer Freetech has raised $100m in a series A round featuring Dongfeng Bocom Yuanjing Motor Investment Fund, a vehicle formed by automotive manufacturer Dongfeng Motor, DealStreetAsia reported yesterday.
The round was led by the Chinese state-owned China Internet Investment Fund, while venture capital firm Hua Ventures and private equity fund Hunan Wukuang also took part.
Freetech provides hardware products for advanced driver assistance systems including radar and light detection and ranging (lidar) sensors, vehicle-mounted cameras and…
