Furuitech completes Series C financing to accelerate the development of intelligent driving technology

It is reported that Furuitech is also entering the final sprint stage of filing materials for the Hong Kong IPO. The company focuses on the research and development and manufacturing of hardware such as sensors and domain controllers, and provides Tier 1 supplier services for intelligent driving solutions. Furuitech's growth has benefited from the authorization of Volvo's ADAS system technology. The company just completed its C round of financing in April 2024 (amounting to hundreds of millions of RMB), and the participating investors include PICC Capital, Yuanchuang Capital, Everbright Financial Holdings, Wuzhen Tourism Investment, Chunxin Hongtu, etc.