Tiantong Vision completes US$150 million Series C financing

CalmCar, an autonomous driving solution provider, has officially completed its C round of financing, with a financing amount of approximately US$150 million and a valuation of approximately RMB 3 billion. It plans to officially launch the IPO process in 2022. This round of C financing was led by ZF Group, and followed by Dragonstone Capital, Dongjian International, Zhongyuan Capital, China Science and Technology Advanced Fund, Dawu Venture Capital, China Unicom Innovation Investment, China Unicom CICC and other strategic institutions.