Boray Technology received over RMB 200 million in financing

Boray Technology recently received over 200 million RMB in financing, with the investor being the State Power Investment Corporation Industrial Fund. After this round of financing, Boray Technology will work with the State Power Investment Corporation to develop autonomous electric mining vehicles, operate fleets in large open-pit mines such as the State Power Investment Corporation's open-pit mines, expand its technical and business teams, and set up regional branches in areas where large mines are concentrated, such as Inner Mongolia and Xinjiang. Boray Technology was founded in 2015 and received tens of millions of RMB in Pre-A round financing in 2019, with investors including Tuojin Capital and Side Investment. Boray Technology has independently developed intelligent solutions for open-pit mines, including mining vehicle autonomous driving systems, cloud-based dispatching systems, emergency remote control systems, and vehicle-shovel linkage systems. At the product level, they and Weichai Special Vehicles have built the country's largest mining vehicle autonomous driving test base in Yangzhou, and developed front-mounted autonomous driving wide-body vehicles. The products have been involved in production operations at mines in Tianshui, Wuhai and other places in Gansu. At the business level, they jointly launched the "5G Smart Mine" project at Jiugang Xigou Mine with Huawei, realizing the first domestic night production of autonomous mining trucks without safety officers. In the field of smart mining, this project is the first joint operation in China that integrates "car, shovel, drill and hammer". Boray Technology has transformed the country's first 5G-based remote-controlled electric shovel in this project.