June 28, 2022

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Changsha-based business automobile good using endeavor CiDi introduced on Friday that it has finished round-C financing of 300 million yuan ($44.9 million). The main investor used to be Chengdu Sci-Tech Innovation Funding Workforce, and the co-investor used to be China Rising Property. Present shareholders Ruishi Fund and Qiandao Fund additionally participated on this funding around.

The finances are supposed for use for selling the strategic structure and marketplace construction of CiDi within the towns of Chengdu and Chongqing. CiDi additionally plans to take a position extra within the analysis and construction of industrial automobile automatic using and vehicle-road coordination, actively collaborating in “new infrastructure” and “synergistic construction for good automobiles and good towns.”

Based in October 2017, CiDi specializes in R&D, product construction and implementation of core applied sciences for business automobile independent using and C-V2X vehicle-road collaboration. The corporate is dedicated to innovation of its core era, leveraging independent using and clever community era to resolve the fast wishes of business and folks’s livelihood.

At the present, its automatic using merchandise come with unmanned mining vans and heavy accountability vans, clever using buses and dealing cars, in addition to merchandise to support the protection and potency of cars.

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CiDi cooperates deeply with many large-scale primary engine factories, and has collectively advanced merchandise equivalent to trunk line and park logistics automatic using. Its merchandise come with vehicle-grade OBU, roadside RSU, MEC, holographic sensing, and extra, supporting dual-band, multi-mode, DSRC and different huge packages. The corporate has advanced answers for dozens of software situations together with highways, city transportation and parks.

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The Chengdu-Chongqing house is positioned on the intersection of China’s authentic Belt and Highway Initiative and the rustic’s Yangtze River Financial Belt, and it’s the place to begin of the brand new land-sea channel to the west. At the present, the matching price of the auto and digital industries in Sichuan and Chongqing exceeds 80%, making them essential car business bases and digital knowledge business bases in China.