BEIJING — Beijing-based automotive electronics supplier HiRain Technologies has raised 210 million yuan ($30 million) from investment bank and private equity investor China Renaissance.
The company, which was founded in 1998, provides electronics for driving-assist, braking, doors, windows, light and charging systems. Customers include General Motors, Ford, FAW-Volkswagen, BAIC and Geely, according to the HiRain website.
HiRain also provides other next-generation automotive technology, such as environmental perception, sensor fusion and decision planning solutions to intelligent driving companies, according to its website.
The new funds will allow the company to speed development of products and services related to autonomous driving, connected vehicles and new energy vehicles.
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Source: asia.nikkei.com