CalmCar Completes RMB 100 Million Series B Financing

On November 11, CalmCar announced that it had completed a B1 round of financing of 100 million yuan in September, led by Dragonstone Capital under CITIC Capital and Zhongyuan Capital of Hong Kong. SAIC Hengxu and SAIC California Venture Capital continued to increase their capital in this round, and Shihu Fund, Huacheng Venture Capital and other funds followed suit. This round of financing will be used to expand the mass production scale of high- and low-speed intelligent driving system software and hardware, product research and development, the establishment of the East China R&D center, and the large-scale expansion of the Shenzhen aftermarket business unit.