The self-driving technology developer has added $14m to its coffers in a round co-led by Legend Capital.
Legend Capital, the corporate venturing subsidiary of conglomerate Legend Holdings, has co-led a RMB100m ($14m) series B round for China-based self-driving technology producer Zongmu Technology, China Money Network reported yesterday.
The round was co-led by an unnamed China-based private equity firm. The deal followed Zongmu’s listing on the New Third Board on February 21.
Founded in 2013, Zongmu is working on self-driving technology, including self-parking systems, recording technology and 2D and 3D panoramic vision technology.
Zongmu has not released details…
