Chuangyebang was informed that recently, PATEO Internet of Vehicles Technology (Shanghai) Co., Ltd. (hereinafter referred to as “PATEO”) announced the information of the C round of financing. This round of financing is 1 billion yuan. The strategic investors of the C round are Shanghai Guosheng Capital, C+ Round of strategic investors Ping An Capital and Jinggangshan Fund. It is reported that PATEO Internet of Vehicles will use the financing funds to continue to increase the deployment of intelligent connected vehicles, and further accelerate its listing process on the Science and Technology Innovation Board.
Since then, PATEO has accumulated many investment institutions such as Ping An Capital, Jinggangshan Fund, Shanghai Guosheng Capital, CCB Trust, Haier Capital, etc., as well as Dongfeng Group, FAW Group, Xiaomi Group, FAW Forsun, Tunnel Co., Ltd., China Electric Vehicles The strategic investment of many leading enterprises and institutions in the industry chain such as the 100 People’s Association, with a total financing of more than 2.5 billion yuan.
This financing will help PATEO to further maintain its leading innovation capabilities and core technologies in the field of automotive intelligence. In the future, the company will be committed to developing into a world-leading smart cockpit solution provider, a full-stack digital core technology independent R&D provider and a leader in the smart car ecosystem platform.
As a leading enterprise in the field of intelligent network connection in China, PATEO has invested nearly RMB 2 billion in R&D since its establishment 13 years ago, and has applied for more than 6,000 intellectual property rights, with invention patents accounting for more than 85%. As a national high-tech enterprise, it has been selected as a Chinese IC Unicorn Enterprise, “Shanghai Enterprise Technology Center”, “Shanghai Engineering Technology Center”, “Shanghai Technology Innovation Center”, Shanghai Intellectual Property Advantage Enterprise, and Shanghai “Specialized Expertise”. It is the first batch of cooperative enterprises in Shanghai’s “3+6 key industries”, and actively participates in the establishment of China’s Internet of Vehicles standards. It is the drafting unit of the National Development and Reform Commission’s “Intelligent Vehicle Innovation and Development Strategy”.
At the same time, PATEO provides software application development and operation for users in the fields of intelligent cockpit, autonomous driving, vehicle control and other fields based on self-developed technology systems such as the Engine Sense vehicle intelligent platform. At present, PATEO’s customers cover nearly 100 models of nearly 30 auto brands including luxury, joint venture and self-owned, and maintain rapid growth every year.
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Related events
- ” PATEO Internet of Vehicles” completed 1 billion C round of financing to accelerate the deployment of intelligent connected vehicles2022-07-11
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- IoV enterprise PATEO wins strategic investment from Dongfeng Group2020-03-26
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