The Baidu, Geely and SIG-backed in-car technology developer hiked its valuation to $2bn in a series A-plus round led by China Venture Capital Fund.
ECarX, the China-based smart automotive technology developer that counts corporates Geely, Baidu and Susquehanna International Group (SIG) as investors, secured more than $200m in series A-plus funding yesterday, DealStreetAsia reported.
The round was led by the state-owned China Venture Capital Fund, according to an announcement cited by DealStreetAsia, and the funding was raised at a $2bn valuation.
Founded in 2016, ECarX produces smart technology for in-car electronics systems. Its products include a connected vehicle system used in automotive manufacturer Geely’s…
