On April 12th, Haomo Zhixing announced that it had raised one billion yuan in Series A+ round of financing. The financing was led by CCB Investment Limited and followed by First Journey Holdings.
Over the past year, Haomo Zhixing has received multiple rounds of financing. In late February 2021, the company completed Series Pre-A round of financing worth hundreds of million yuan, with investors including Shougang, Meituan and Hillhouse Capital. In late December 2021, Haomo Zhixing received nearly one billion yuan in Series A round of financing, with investors including Meituan, Hillhouse Capital, Qualcomm Ventures, First Journey Holdings, and Jiuzhi Capital, etc.
The funds raised in this round will be continuously invested in the development of autonomous driving and talent system building. After the Series A+ financing, Haomo Zhixing has simultaneously started Series B financing.
Haomo Zhixing CEO, Gu Weihao, said that in mid-2022, the company will officially launch Urban NOH, the urban navigation assisted driving system. In the second half of 2022, the full-scenario NOH will be delivered, and the HSD (HAOMO Self-Driving) fleet will be launched in 2023.
As of April 2022, Haomo’s advanced driving assistance system has been installed in millions of vehicles of 6 models including WEY Mocha, Tank 300 City Edition, WEY Latte, Machito, Haval Monster and Tank 500, with the total assisted driving mileage exceeding 7 million kilometers. Currently, Haomo’s NOH for urban areas is being continuously tested in areas such as Beijing and Baoding, and is expected to be officially launched in mid-2022.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.