NIO Capital has jointly led a Series A financing round for Yikong Zhijia, a company specializing in autonomous mining vehicle technology, to accelerate product development and prepare for international expansion.
Target Company Overview
Yikong Zhijia, founded in May 2018, is an emerging enterprise specializing in autonomous driving technology for mining vehicles. The company boasts a team with extensive experience in developing autonomous systems for mining operations and monitoring platforms for mining truck dispatch. Recently, Yikong Zhijia announced the successful completion of its Series A financing, led jointly by NIO Capital and SD Capital.
This funding round aims to expedite the productization of their autonomous mining systems, establish a Shanghai office, and recruit talent to prepare for future overseas market expansion. Yikong Zhijia has formed partnerships with numerous domestic and international open-pit mining companies and engineering firms, earning recognition from major mining and energy groups in its commitment to building green and smart mining operations.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in China
China's autonomous driving industry has gained significant traction in recent years, supported by both government initiatives and private investments. The government's strategic push for automation in various sectors, includi
Similar Deals
蔚来资本
invested in
易控智驾
in 2021
in a Series A deal