Shanghai (ZXZC)- Shanghai-based tech company Abup Technology Co.,Ltd (ABUP) recently announced the completion of a series Pre-A funding of over RMB 10 million, which was led by Cathay CarTech Fund with Huaxing Alpha serving as the exclusive financial adviser.

Founded on October 24, 2017, ABUP focuses on providing professional OTA upgrade technology solutions and customized services to partners in the automotive and IoT (Internet of Things) domains to help partners improve their product competitiveness and promote product intelligent development.

The company attended Alibaba Group's 2018 Computing Conference in Hangzhou as a member of Alibaba's IoT Connectivity Alliance (ICA) and the only professional OTA technology solution provider. It showcased its latest technology achievements at the conference, including the OTA upgrade solutions used for IoV (Internet of Vehicles) and IoT platforms as well as some products developed with partners, such as T-Box, rear-view mirror, entertainment robot and 2/3/4G modules, etc.

Building China's first brand of automotive OTA technology services, ABUP's team boasts professional equipment-side software development capabilities and rich cloud services experience with almost 70 members coming from such areas as IoT and cloud services. It is committed to creating the automotive OTA upgrade solutions involving the technology management platform, the cloud-vehicle interactive protocol and the upgrading of multiple electronic control units. Moreover, the company provides services for a number of mainstream OEMs in China, such as SAIC-GM, Great Wall Motor, BYD and JAC Motors.