China self-drive car company has $100m Series B


Freetech Intelligent System, a Chinese self-driving car company, has raised nearly $100 million in a Series B funding round. Investors included:  Chaos Investment, Hengxu Capital, a unit of SAIC Motor, BAIC Capital and TCL Industries Holdings. The money will be used to refine its technology, R&D and to commercialise self-driving cars. “Autonomous driving is one …

The post China self-drive car company has $100m Series B appeared first on Electronics Weekly.



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