Beijing (ZXZC)- On June 21, AICC (Automotive Intelligence and Control of China), a provider of intelligent automotive computing platforms, announced the completion of a new funding round worth hundreds of millions of yuan. 

Photo credit: AICC

A fund backed by Chongqing city and a fund under China Capital Investment Group (CCIG) jointly led the fresh round, with participation from industrial investor CATL and existing shareholder Delta Capital.

The proceeds will enable AICC to expedite the commercialization and ecosystem development of its autonomous driving operating system, as well as promote and strengthen the market presence of its computing platform products, further enhancing the company's competitive edge, said the company.

As one of the leading investors, the Chongqing city-backed fund is responsible for integrating the financial resources within the Chongqing High-Tech Zone, engages in investment and financing, industry cultivation, and capital operation. Its involvement is expected to provide significant support for the establishment and business development of AICC's R&D center in Chongqing. 

Meanwhile, CCIG, CATL, and Delta Capital have also made substantial investments in the new energy vehicle and intelligent manufacturing industries. Collaborating with AICC, they aim to drive the development of China's intelligent connected vehicle industry.

Recognizing the enormous commercial potential and social value of computing platform products in the rapidly evolving automotive industry, AICC is committed to breaking through technological barriers and helping automobile manufacturers in rapid transformation, upgrading, and industrial renewal, ultimately implementing effective solutions for the Chinese auto market.