Ellabi received nearly 100 million yuan in new financing

On December 18, Airlab announced that it had received nearly 100 million yuan in new financing, exclusively invested by Qiming Venture Partners, with a valuation of about 1.5 billion yuan. The financing will be used to expand overseas markets and expand product lines. Airlab focuses on OTA technology research and development, and the core team has more than 10 years of experience. In 2017, Airlab settled in Zhangjiang, Shanghai, focusing on providing OTA research and development services for the automotive and Internet of Things fields. The company currently has nearly 400 employees, and R&D personnel account for more than 80%. Airlab has accumulated OTA data of 1 billion units on mobile terminals. Although mobile OTA and automotive OTA are very different, the underlying logic is similar. This is Airlab's advantage over its competitors. Today, Airlab has more than 5 million data experiences in the automotive OTA field.