September 29, 2022

MAXIEYE Closes C1 Strategy Cycle to Boost R&D and Mass Production

Beijing (Gasgoo)- Chinese smart driving solutions provider MAXIEYE announced on August 8 the closing of its C1 strategic funding round.

Photo credit: MAXIEYE

The round brought together active players in the automotive chip industry, including Inno Chip, Cedarlake Capital and Axera. Funds raised will be spent on high-level intelligent driving technology R&D and supply chain reserve for mass production of L2 or higher passenger vehicles.

In the future, MAXIEYE and its investors will also coordinate on strategic resources, give full play to the cross-jurisdictional cooperation ecosystem, and jointly advance automotive intelligence and mobility development.

Based on the full-fledged platform technology system from sensing to planning and control, MAXIEYE has achieved the differentiated and large-scale commercial application for passenger cars and commercial vehicles.

In the field of passenger cars, the company focuses on two product lines, namely cost-effective L2 products and high-level automotive intelligence products, providing automotive enterprises and consumers with excellent driving solutions and services.

In the field of commercial vehicles, from regulation-focused safety products to smart market-focused solutions, the industry is supported by MAXIEYE to achieve cost reduction and efficiency.

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