On January 10, 2022, “YiJing Technology”, a provider of automotive-grade MEMS lidar solutions, announced the completion of a pre-Series C financing round worth hundreds of millions of yuan. This round was led by Xpeng Motors, and existing investors such as SAIC Capital, Dongfeng Yinhe Automotive Fund, and Intel Capital continued to invest. YiJing Technology stated that this financing round will be used for the iteration of its long and short-range automotive-grade lidar products, strengthening the quality management of production lines and supply chains, and promoting the research and commercialization of automotive-grade MEMS lidar solutions.
Currently, YiJing Technology has launched a series of MEMS lidar products for automotive-grade production. These two products have reached commercial cooperation with multiple companies in the fields of autonomous driving for long-haul logistics, last-mile delivery, unmanned ports, Robotaxi, and robots, and have been tested by multiple passenger car manufacturers.
In terms of long-haul logistics, in 2020, YiJing Technology and Winner Circle partnered to commercialize solutions for autonomous driving for long-haul trucks. The ML series lidar is supplied to Winner Circle’s production models for autonomous driving of long-haul logistics. In the field of last-mile unmanned delivery, YiJing Technology has partnered with JD Logistics. The fifth-generation intelligent express vehicle of JD Logistics will be equipped with YiJing Technology’s solid-state MEMS lidar ML-30s.
🔗 Information source: YiJing Technology Official Website
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