iMotion closes Series B1 round led by CCB’s sub-fund

2020-07-03
|
Isiah Liu

iMotion closes Series B1 round led by CCB’s sub-fund

iMotion has recently closed a Series B1 financing round led by CCB Suzhou Science and Technology Fund, with participation from Suzhou Industrial Park Heyu No.1 Venture Capital, and existing investors Leading Ideal, Future Capital, and Shenzhen Guozhong Venture Capital Management.


Proceeds from this round of financing will be mainly used to scale up the mass production of L2-level automated driving system and advance the mass production of L2+ self-driving product.


iMotion, founded in December 2016, is an AI high-tech company providing automated driving system solutions for OEM clients. Currently, it provides L1-L4 level automated driving system solutions, as well as two product lines including intelligent front-view cameras and automated driving domain controllers.


Previously, iMotion had announced in 2018 that it had secured nearly 100 million yuan in its Series A round, led by Guozhong Venture CapitalManagement and joined by angel round investor Future Capital.


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