"Coordinate System" received 50 million yuan in pre-A round financing from Northern Light Venture Capital

On March 22, Suzhou Coordinate System, a cross-domain fusion system solution provider for drive-by-wire chassis, completed its pre-A round of financing. Northern Lights Venture Capital led the investment with RMB 50 million to support the production line of brake-by-wire EMB, the investment in experimental equipment, and the research and development of steer-by-wire SBW. At the same time, Shunrong Capital followed suit, and founder Yan Shifu made additional investments, completing nearly RMB 100 million in Pre-A round of equity financing. Coordinate System has already put the full set of EMB systems (EMB actuators, drive-by-wire pedals, and domain controllers) on board for winter testing.