Jiwei network news, Tianyancha shows that a few days ago, Lingjun Technology announced that it has completed tens of millions of yuan pre-A+ round of financing, which was strategically invested by a well-known logistics group, led by Chuang Capital, and supplemented by the old shareholder Zhenxin Capital.
This round of fundraising will be used for the large-scale expansion of the technical team and the continuous empowerment of partners in the commercialization of autonomous passenger transportation and freight transportation in urban smart transportation. Like other autonomous driving technology companies, Lingjun Technology's core technology stack is open road autonomous passenger car technology. In the second half of 2021, Lingjun Technology completed its strategic transformation and chose the field of autonomous buses and urban logistics with a clearer commercialization scenario.
It is understood that Lingjun Technology was founded in 2016, CEO and founder Yang Wenli is a master's degree in the Department of Automation of Tsinghua University, a doctorate at Pennsylvania State University, and later served as the chief architect of Western Digital, a senior R&D engineer of Baidu Deep Learning Research Institute, and the chief architect of Baidu's autonomous driving business unit.
At the beginning of the company's establishment, like other L4 level autonomous driving companies, Lingjun Technology also aimed at the field of autonomous passenger cars with open roads. However, the commercialization of the field of autonomous passenger cars has not progressed as smoothly as expected, and in 2021, the international leader Google Waymo has left one after another, and its valuation has fallen from $180 billion in previous years to $30 billion.
(Proofreading/Andy)