With another strategic investment of hundreds of millions, Tagore Intelligent Driving’s Series B financing totaled nearly 400 million

TAGE Intelligent Driving announced the completion of a strategic financing of RMB 100 million in its B3 round led by Yingke Investment. The company's B round of financing had previously received investment from Qianhai Mother Fund, Baotong Investment, CMC Venture Capital, Tsinghua Research Capital, and Blue Flame Capital. So far, TAGE Intelligent Driving has completed nearly RMB 400 million in its B round of financing in 10 months, with a valuation of over RMB 2 billion. In 2021, TAGE Intelligent Driving's total order amount is expected to exceed RMB 400 million. Not only has it made breakthrough progress in the four major industries of coal, steel, cement, and non-ferrous metals involved in unmanned driving in mines, but it has also created a business model for unmanned transportation operation services. In the first half of the year, TAGE Intelligent Driving jointly with Northern Shares won the bid for a project of 24 unmanned new mining trucks in the Pingzhuang large open-pit mine. The total bid of the project was RMB 396 million, which is the largest single project in this field to date. In 2021, TAGE Intelligent Driving and Zhonghuan Xieli cooperated again and signed a 184 million yuan order for mine unmanned transportation operation services. This is a further innovation of TAGE Intelligent Driving in its business model following the project-based "mine construction + continuous service" business model, creating a new form of mine unmanned transportation services.