Fuyihang Technology Completes Ten Million-Level Angel Round Financing

Ultrasonic radar startup Fuyihang Technology has completed a multi-million-level angel round of financing from three institutions: Shunrong Capital, Huilihua Capital, and Huayan Capital (Tsinghua Automotive Research Institute Fund). It is reported that this round of financing will be mainly used for the preparation of ultrasonic sensor mass production, the continuous development of fusion intelligent parking technology, and the improvement of parking scene libraries. Fuyihang currently has 2,500 square meters of office + R&D + production space in Suzhou Industrial Park, a team of more than 30 people, an ultrasonic radar production line, and an annual production capacity of 1 to 1.2 million ultrasonic sensors.