CAS Juche (中科智驰), a startup specializing in autonomous driving and mobile robotics, today announced the completion of a Series A round of funding worth tens of millions of yuan, invested solely by Guoyuan Equity Funds.
The proceeds will be used to construct the firm’s production facility, expand its sales team, and develop driverless vehicles and a system intended for military and civilian use, according to a press release.
Juche, founded in 2018 in Hefei, capital of eastern China’s Anhui Province, supplies a suite of products and components in the field of autonomous driving.
They include self-guided towing vehicle, road sweeper, driverless vehicle controller, autonomous security inspection robot, drive-by-wire platform and unmanned shuttle bus.
The startup was incubated and led by a group of researchers and scientists from the Chinese Academy of Sciences, who have a proven track record in domains such as environmental sensing, smart decision-making and motion control.