The in-car electronics technology provider closed a series A round led by strategic partner Baidu that also featured SIG Asia.
Internet group Baidu has led a RMB1.3bn ($194m) series A round for China-based intelligent driving technology developer ECarx, the latter disclosed yesterday in a WeChat post.
The round included SIG Asia, a corporate venturing vehicle for quantitative trading firm Susquehanna International Group, and the cash was raised at a valuation of almost $1.5bn. The company has not disclosed details of its earlier financing, but its shareholders include automotive manufacturer Geely.
ECarx produces chips for in-car systems and high-definition mapping and…
