Denso, Fosun, Huantaihu, Qualcomm and Xiaomi all chipped into the autonomous vehicle product maker’s latest round, which was secured across three tranches.
China-based autonomous driving technology developer Zongmu Technology closed a $190m series D round today featuring several corporate investors.
Automotive component producer Denso led the series D1 close, investing alongside construction firm Huantaihu Group, Jadex Capital and Liangjiang Capital, while the series D2 round was co-led by venture capital firm Cowin Capital and private equity firm Gaoyuan Capital.
Hubei Xiaomi Changjiang Industrial Fund, a vehicle for consumer electronics manufacturer Xiaomi, led the series D3 tranche, which included Qualcomm Ventures, the corporate…
