QianGu Technology Completes Over RMB 100 Million in Series A and A+ Financing

Shanghai QianGu Automotive Technology Co., Ltd. (hereinafter referred to as "QianGu Technology") has completed over 100 million yuan in Series A and A+ financing, with strategic investments from Zhengxuan Capital and Xiaomi, and follow-up investments from Xiamen Jianfa, Dahua Venture Capital, and Yiling Venture Capital. Previously, QianGu Technology had completed tens of millions of yuan in Angel Round and Pre-A round financing. Previously, QianGu Technology had completed tens of millions of yuan in Angel Round and Pre-A round financing. As of now, QianGu Technology has obtained 17 designated projects from 5 major customers, and will start mass production in August 2022, with an annual production capacity of over 2 million units after reaching the standard. During the period of 2016-2021, QianGu Technology's team, as a technical partner, cooperated with SAIC and others to complete more than 50 intelligent braking projects, of which the ESC series products have cumulatively supplied more than 3 million sets, accumulating several core technologies of wire control braking.