Shanghai (Gasgoo)- Suzhou CalmCar Electronic Technology Co., Ltd. ("CalmCar") recently announced the completion of its 500-million-yuan Series D financing round, which will support the company's nationwide rollout of Robotaxi services in China.
The latest funding round was backed by a mix of state-owned industrial funds and prominent technology investors. Existing shareholders such as ZF, SAIC Motor, and BAIC Group participated with follow-on investments. With this round, the company has formed an unprecedented full-spectrum ecosystem, integrating upstream hardware suppliers, large AI model developers, 5G technology partners, top-tier global Tier 1 suppliers, leading Chinese and international automakers, as well as local governments offering real-world deployment scenarios.
This broad coalition is expected to significantly enhance CalmCar's three core competencies:
On the R&D front, collaboration with global hardware leaders and AI developers will enable more efficient iteration of smart driving technologies.
For mass production and deployment, access to industrial resources from Tier 1 partners and major automakers will accelerate the commercialization of mid- to high-level ADAS solutions.
In terms of business expansion, local governments' support for diversified use cases will help CalmCar establish a closed-loop business model for Robotaxi and Robobus services in complex urban environments.
Commenting on the new funding, CalmCar CEO Wang Xi said the round demonstrates strong market validation of the company's technological direction and commercialization capabilities. He emphasized that CalmCar will remain focused on advancing mid- to high-level autonomous driving and L4 driverless technologies, overcoming challenges in complex scenarios, and deepening strategic partnerships to jointly build a sustainable future for intelligent mobility.
