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Yicheng Innovation completes RMB 200 million Series C funding, targets capacity increase to 10,000 units
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Shenzhen Yicheng Autonomous Driving Technology Co., Ltd. (Yicheng Innovation) has completed a RMB 200 million Series C funding round, with investors including Yueke Group, Shanda Investment, Anhui State Investment, and Foshan Venture Capital. The funds will be used for factory capacity upgrades, core technology iteration, and commercialization deployment. Yicheng Innovation's current annual capacity is 3,000 vehicles, and the company says that after this funding round it aims to increase capacity to 10,000 units. Its full-domain integrated unmanned operation solution has been implemented in trials, and the company says it could be running in customer parks as early as the third quarter of next year.
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- Yicheng Innovation closes RMB 200 million Series C, plans to raise unmanned transfer vehicle capacity to 10,000 units
36Kr has learned that Shenzhen Yicheng Autonomous Driving Technology Co., Ltd. (Yicheng Innovation) recently closed a RMB 200 million Series C round. Investors include Yueke Group, Shanda Investment, Anhui Guotou, and Foshan Venture Capital. The funds will be used for factory capacity upgrades, core technology iteration, and commercialization deployment.
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