Mushroom Car Alliance completed 580 million yuan in C+ round of financing

Mushroom Auto Union completed a C+ round of financing of RMB 580 million in May 2023, with a post-investment valuation of US$3 billion. The company has a full-stack self-developed "vehicle-road-cloud integrated" autonomous driving solution and has the ability to operate a large-scale autonomous driving public service fleet at the city level.