ANZ Automotive Completes Series A+ Financing, Leads China's ADAS Mass Production and Innovates Dual Lanes

Anzhi Auto, which is committed to creating excellent vehicle ADAS advanced driving assistance systems and autonomous driving system integrated hardware and software solutions, recently announced that the company has completed a tens of millions of yuan A+ round of financing, which was exclusively invested by Qianrong Capital.

This round of funds will be mainly used to accelerate the marketization of Anzhi's products in the ADAS field and the innovative technology layout of future higher-level intelligent driving products, and further expand production line capacity to promote the mass production of high-quality and large-scale ADAS products.

"We are very pleased to join hands with Qianrong Capital to jointly develop the highly promising ADAS intelligent driving market and bring high-quality products to more customers in the automotive industry. We also thank all existing shareholders for their support!" said Dr. Guo Jian, founder and CEO of Anzhi Auto. "The smooth progress of this round of financing also reflects the capital market's recognition of Anzhi's technology, products, team, operations and other aspects. After four years of hard work, Anzhi has formed a rich product and service model centered on 77GHz millimeter-wave radar, smart cameras, and multi- sensor fusion solutions, which can realize ACC More than ten ADAS system functions, including Stop&Go adaptive cruise control system, AEB automatic emergency braking system for vehicles/pedestrians, and high-speed super cruise system, fully meet the current needs of the whole vehicle intelligent upgrade in the commercial vehicle and passenger car markets. At the same time, Anzhi has built a complete ADAS industry chain system from upstream chips and automotive-grade system layout to downstream professional matching test processes, high-level mass production line construction, and market-oriented resource integration. Recently, we have just received the good news of 16949 compliance certification. We believe that this financing will further promote Anzhi Automobile to achieve large-scale mass production of ADAS products and accelerate technological innovation, lay a better foundation for the company's healthy development, and contribute to the realization of Anzhi Automobile's vision - to achieve zero traffic accidents, safe and intelligent travel for everyone. "

Ms. Ye Xiaoming of Qianrong Capital said: "Qianrong Capital is very honored to help ANZ Auto and bring better vehicle ADAS intelligent driving assistance systems and autonomous driving system hardware and software integrated products to Chinese and global users. The management team of ANZ Auto comes from world-class OEM automotive electronics companies. Its independently developed 77GHz millimeter wave radar and camera fusion solution is at the leading level in China and has been designated by many automobile OEMs. Qianrong Capital is very optimistic about the future development of ANZ Auto."