Shanghai (ZXZC)- Shanghai INGIN Automotive Technology Co., Ltd. ("INGIN Technology"), a Chinese smart closure solution provider for automobiles, recently announced the successful completion of its Series C+ financing round, which raised for the company nearly 100 million yuan.

The fresh round is led by NIO Capital. According to INGIN Technology, proceeds from the round will be used as the supplemental capital the company requires to accelerate its global business expansion, and to support its development of new intelligent automotive entry & exit technologies.

Photo credit: INGIN

Established in 2017, INGIN Technology specializes in the R&D, production, and sale of such automotive components as intelligent front cabin system, intelligent side door system, intelligent tailgate system, intelligent rear wing system, and intelligent control system. The company is committed to becoming a global leader in automotive intelligent power closure solutions with exceptional integration capabilities. INGIN Technology also possesses a vehicle-level experimental center.

The intelligent automotive closure system involves both "entry and exit" of people and items. It employs electronic door locks, domain controllers, electric actuators, and various sensors with integrated perception algorithms to detect the vehicle's posture, surroundings, obstacles, and pedestrians. The system automatically adjusts the opening and closing angles, heights, speeds, and closing forces of the car doors, trunk, and front cabin hatch, enhancing the ease of vehicle access and enabling "electrification" and "intelligence" in vehicle entry and exit. INGIN's intelligent closure system can also recognize and automatically avoid obstacles, and provide multiple intelligent control methods, such as gestures, voice commands, and body posture recognition, thus enhancing convenience and safety in vehicle usage.

Since its inception, INGIN Technology has been committed to technology innovation and has achieved several industry "firsts." According to the company's introduction, in 2019, it became the first company in China to develop electronic suction locks and export them to mainstream European car manufacturers. In 2020, it was the first to complete the development of an intelligent door domain controller. In 2021, its actively controlled rear wing system made a significant breakthrough from "0" to "1," greatly improving the vehicle's range. In 2022, it filled various technological gaps in the country with its electronic side door locks. In 2023, it became the first in the industry to develop an intelligent front cabin system.

INGIN Technology has already received substantial investments worth hundreds of millions of yuan in total from well-known investment entities, including Xiaomi Intelligent Manufacturing Fund, SLAC, Foryou Group, Infinite Capital, BAIC Capital, and others.

NGIN Technology has become a tier-one supplier for major domestic automakers such as SAIC Motor, SAIC-GM, Changan Auto, Geely, Chery, Dongfeng Motor, Dongfeng Peugeot Citroen Automobile, GAC Motor, and Changan Mazda, as well as new energy vehicle manufacturers like NIO, XPeng, AVATR, IM Motors, VOYAH, JIDU, HiPhi, and smart. Additionally, INGIN has also proactively expanded its presence overseas, providing automotive intelligent entry and exit products to international renowned brands such as Maserati, Peugeot, Citroën, Alfa Romeo, and JEEP.