QianGu Technology Completes RMB 400 Million Series B Financing

Shanghai QianGu Automotive Technology Co., Ltd. recently announced the completion of a RMB 400 million Series B financing. The investors in this round are FAW Equity Investment, Blue Lake Capital, Dachen Capital, Tsinghua Holdings Jinxin, Qiancheng Capital, Rongyi Investment, Dahua Venture Capital, Guangkai Fund, Changshu Economic Development Guofa, Changjiang Chebai Fund, Baolong Technology, Aotu Venture Capital, and Zhixing Qiyuan. Since 2022, QianGu Technology has been developing rapidly with a performance growth of more than 100% for three consecutive years. QianGu Technology has won the favor of more than 50 designated projects from 11 vehicle companies. Based on the experience of industrializing more than 6 million sets of intelligent chassis brake products, QianGu Technology has completed the shipment of one million-level wire control brake products, and has achieved a milestone in the first domestic independent ESC shipments. The star product EHBI-Onebox electronic hydraulic brake system has the capacity for mass production and supply, and has been designated for key projects by nearly 10 well-known mainstream vehicle manufacturers. QianGu Technology will continue to maintain its excellent industrialization level among the top ten and top three domestic ESC/Onebox companies in the domestic market, and lead the development of wire control brake technology.