Haomo.AI, a startup that specializes in artificial intelligence for autonomous driving, has raised more than RMB 100m (US$14m) in Series B1 round from Chengdu Wufa Private Equity Fund Management Co. The funding is to be used to enhance R&D and support the development of robotics in the Wuhou district of Chengdu in southwest China’s Sichuan province.
“The year 2024 will witness the intelligent driving sector taking off. As a key player, Haomo will introduce products with greatest value for money to more clients to scale up,” said Zhang Kai, chairman of Haomo.
“We appreciate Wuhou leaders’ recognition and support. Haomo will continue to strengthen the autonomous driving industry chain and accelerate the commercialization of the autonomous driving technologies,” he added.
Haomo’s ADAS HPilot is featured in more than 20 vehicle models, and has helped drivers cover a combined distance of over 120,000,000km with functions such as automatic braking and lane-changing. The company expects the implementation rate of ADAS on passenger vehicles to reach 70% in China by 2025.
“We will continue to build our cutting-edge data intelligence system and enhance our R&D on the large model, computing power and big data,” said Gu Weihao, CEO of Haomo.
“We will explore applying autonomous driving in different scenarios such as cleaning and security inspection and help Wuhou establish itself as a demonstration zone for robotics in China.”