36Kr learned that the intelligent new energy travel brand Light Orange Times announced that it had exceeded the Pre-A round of financing. Light Orange Times told 36Kr that the amount of this round of financing exceeded expectations. The round of financing is led by China Merchants Venture Capital, Yigao Capital, Guiyang Production Control Group, Haojun Investment, Wenluo Capital, Glacier Network, etc., seed wheel shareholders Qiande Holdings, Weights and Measures Capital continue to invest, and the financing will be used for the first model VC independently developed by it to achieve large-scale mass production in 2022, as well as research and development investment in intelligent and customized related core technologies.
Light Orange Era is a smart new energy travel brand that 36Kr continues to pay attention to. According to 36Kr reports and previously published information. Founded around June 2021, Light Orange Times has the ability to design, develop and sell the whole chain of vehicle research and development, modeling design, three-electric system, automatic driving, intelligent network connection, and ecological operation. Founder Bian Biao graduated from Tsinghua University, served as the sponsor representative of Dongxing Securities, and participated in key projects such as the IPO of Agricultural Bank of China, the IPO of New China Life Insurance, the IPO of 35 Internet, and the major asset restructuring of Southwest Securities' absorption and merger of Guodu Securities. CEO Mu Lu once served as the main creator of Tencent Tianmei Game Studio, and then entered the Internet of Vehicles industry, founded Xiaoma Lixing, and accumulated technical solutions and landing experience in automotive intelligent networking. Chief scientist Xiaoyu Tong was the vice president of China Unicom Research Institute, leading the research on business frameworks such as 5G and V2X.
At the 2021 Guangzhou Auto Show, Light Orange Times officially launched the first technology platform EEZI STEP1.0, and unveiled the first intelligent electric vehicle based on this platform - VC.
Under the EEZI STEP1.0 platform, the products will adopt cage body structure, flexible chassis and battery pack design, and cover multiple levels of pure electric vehicle model expansion, product development will truly realize modular, integrated, intelligent and customized design.
Important product features of the first car VC include: 8 minutes 200 km super fast charge, winter endurance anti-attenuation ability enhancement, featured central armrest components, gamepad steering wheel, customizable vehicle components and other highlights.
Light orange era sample car
According to the official information of light orange times, recently, light orange times also announced the establishment of a long-term strategic cooperative relationship with China Unicom Guangdong Branch, and the two sides will carry out comprehensive and in-depth cooperation in many fields. In the 2021 China Unicom Smart Winter Olympics China Tour Beijing Station, the light orange era VC made a simultaneous appearance. At the same time, Light Orange Times and GCL Energy Technology Co., Ltd. have also officially signed a strategic cooperation agreement, the two sides will be based on the GCL Energy co-mobile energy brand "GCL Electric Port" power exchange service network and light orange era new energy intelligent electric vehicle development, mining the power exchange market scenario, planning to achieve more than 300 substation construction in the next 3 years.
With the continuous improvement of the acceptance of new energy electric vehicles in China, the Chinese electric vehicle market will frequently usher in new players in 2021 and gain the favor of capital. For example, in early 2021, Robin Li joined hands with Geely to enter the market; in the spring, Lei Jun shouted "fight for Xiaomi Cars" to enter the track, ecological chain company Zhimi Technology has joined the car-making army, and Luoke Automobile, founder and CEO of Stone Technology Changjing, has completed $100 million financing at the end of 2021; April 360 Group led Nezha Automobile D Round of about 3 billion yuan financing; OPPO founder Chen Mingyong was rumored to be leading the team to prepare for car-making; Didi followed the trend; Li Yinan, founder of Xiaoniu Electric, has also invested in the car-making wave. At the end of the year, WM, Nezha and Zero Run have been rumored to be preparing for Hong Kong stock IPOs. The light orange era is also a smart travel company born in this context.
Entering 2022, a new batch of causing companies have also received capital injections. For example, on January 26, Baidu's Jidu Automobile announced the completion of nearly $400 million in Series A financing.