Meijia Technology received D1 round of financing

Meijia (Beijing) Technology Co., Ltd. (hereinafter referred to as "Meijia Technology") has completed a D1 round of financing of over US$100 million. This round of financing was led by M31 Capital, Lulu Capital and Nanshan Capital, and followed by old shareholders Muhua Science and Technology and Redpoint China. The company is valued at around 5 billion yuan. It is reported that the funds will be used for the research and development and mass production of its new batch of AI-driven automotive intelligent components. Meijia Technology provides automakers with an open business cooperation model, including the traditional Tier 1 parts supply model, empowering manufacturers and popular models such as Changan Deep Blue, Ideal, Chery, Dongfeng Fengshen, Dongfeng Mengshi, Lantu, etc.; it also provides software service module authorization and software cooperative development models for manufacturers such as Dongfeng Group and GAC Group; in addition, software intelligent cloud testing and quality control services are becoming a new growth point.