Self-driving startup Haomo raises RMB 1 billion, reaches unicorn status · TechNode

Self-driving startup Haomo raises RMB 1 billion, reaches unicorn status · TechNode

Chinese self-driving startup Haomo announced Tuesday it has secured a RMB 1 billion (around $157 million) Series A from investors including GL Ventures, the early-stage investment arm of private equity firm Hillhouse Capital, and food delivery giant Meituan. The new round gives Haomo a more than $1 billion valuation, making it the latest startup to earn unicorn status in the Chinese self-driving space. A spin-off from Chinese automaker Great Wall Motor, Haomo expects its advanced driver assistance systems to be equipped on 34 car models by the end of 2022. [36Kr, in Chinese]



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