Recently, Xingshen Intelligence, an autonomous driving company, announced the completion of its A+ round of financing. This round of financing was jointly led by Xingxiang Capital and Ruizhu Capital, with participation from Sany Ventures, Hunan Caixin, and Jiayuan Capital. It is reported that after this round of financing, Xingshen Intelligence will continue to increase product research and development and market investment, and is committed to building a city-level shared co-distribution capacity platform.
Previously, in April 2021, Xingshen Intelligence completed a 100 million yuan A round of financing, which was jointly invested by Yuanfang Fund, Yannan Artificial Intelligence Industry Fund, Honghao Capital and Ubisoft.
Founded in 2017, Xingshen Intelligence is a company focusing on the core technology of L4 level unmanned driving and a provider of smart logistics products. The core team is from the National University of Defense Technology and has many years of experience in autonomous driving R&D and engineering. The company has full-stack independent R&D and design capabilities and solutions from chassis to structure, from hardware to software. The team currently has nearly 300 people.
Xingshen intelligent unmanned vehicle has L4 level automatic driving capability. The body is equipped with sensors such as lidar, millimeter-wave radar, and camera. With multi-source fusion perception and positioning technology, it can achieve seamless indoor and outdoor switching and smooth operation and high-speed operation without relying on GNSS. Precise positioning. Xingshen Intelligence has an independent and controllable software and hardware architecture system, which is more secure without relying on open source software.
In order to adapt to a variety of terminal logistics application scenarios, Xingshen Intelligent has independently developed a series of L4-level unmanned vehicle products such as Chaoying, Fanyu, Benxiao, Jedi and Commoner. Among them, the Jedi unmanned vehicle, as the fifth-generation stable model, adopts a container separation design. According to different customer business scenarios, we can provide a variety of containers, retail cabinets, express cabinets, fast food cabinets, disinfection cabinets and logistics cabinets, etc., to meet the different business needs of customers.
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At present, Xingshen Intelligence has reached cooperation with JD.com, Huawei, Meituan, Foxconn, China Post, Rakuten and other companies to apply unmanned vehicles to campuses, parks, factories, scenic spots and health stations and other scenarios to achieve large-scale normalization operation. It is understood that in 2021, Xingshen intelligent unmanned vehicles will achieve mass production of 1,000 units, and will realize multi-scenario continuous operation services in many cities at home and abroad. So far, the cumulative test and operation mileage has reached 600,000 kilometers, and the cumulative number of parcels delivered has reached 1.3 million.
An Xiangjing, founder and chairman of Xingshen Intelligence, said that unmanned driving is the first to be commercialized in the field of unmanned delivery of terminal logistics within a limited area. to the open area. At present, Xingshen Intelligent’s unmanned core suite has also been applied to various passenger vehicles. With the opening of road rights and the continuous improvement of regulations, Xingshen Intelligence will continue to expand the research and application of driverless core technologies on open roads, and will gradually launch new products for open road scenarios in the future.
Xue Zhen of Xingxiang Capital said: “Unmanned terminal logistics distribution is a sub-segment that is worth investing in. We insist that technical strength and business model are the core elements. Xingshen Intelligence is a rare technology-driven model we have seen. The company has achieved a number of remarkable achievements in the five years of development. Based on a number of core technologies, the unmanned vehicle products developed by Xingshen Intelligent have shown comprehensive adaptability and forward-looking. In the exploration of business models, it also showed More possibilities. We believe that Xingshen Intelligence will have more room for imagination in the terminal distribution industry market. Xingxiang Capital will continue to focus on driverless high-tech companies in the future, cooperate with Xingshen Intelligence in depth, and continue to promote Human driving is applied and implemented in multiple business scenarios of terminal logistics.”
Xingxiang Capital, as an important market lever for Xingxiang Group to play the role of the state-owned capital operation platform, focuses on advanced manufacturing, new materials, new energy, new generation information technology, biomedicine and military-civilian integration, etc. Implement the “three highs and four new” strategic positioning and mission and contribute to the strength of Xingxiang.
Regarding this round of financing, Yu Benchuan, investment director of Ruizhu Capital, said: “The multi-source fusion perception and positioning technology independently developed by Xingshen Intelligent has realized the seamless switching and smooth operation of unmanned vehicles in complex indoor and outdoor environments. The ‘Jedi’ series models can serve the diverse needs of end customers in different types of spaces, and are a typical application case of Smart Living Capital’s exploration of space intelligence. The investment team agrees with the development orientation of Xingshen Intelligence’s ‘Urban Shared Capacity Platform’. Technological innovation and intelligence led by a generation of information technology are accelerating penetration and profoundly changing people’s clothing, food, housing, transportation and space environment. As a CVC institution under Midea Real Estate Holdings, Ruizhu Capital has been focusing on the field of “smart living and housing technology” for a long time. The construction of space science and technology ecology explores innovative technologies and applications in home, community, business and even urban space, and serves a new smart and healthy life.”
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