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Chinese Self-Driving Startup QCraft Raises $100 Million

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Chinese Self-Driving Startup QCraft Raises $100 Million - autojosh

Chinese world-leading self-driving technology company QCraft raises $100 Million in new series of fundraising.

The financing was led by YF Capital and Genesis Capital, with DragonBall Capital and existing investor IDG Capital. 

Chinese self-driving startup QCraft has announced it has closed $100 million in Series A plus fundraising led by YF Capital and Genesis Capital, with participation from DragonBall Capital and the existing investor IDG Capital.

Since its founding in 2019, QCraft said it has set “Giga Factory” autonomous driving as a strategic objective, with the aim of efficiently realizing the commercialization and large-scale implementation of automatic driving technologies.





The company said in the span of just two years, it has developed the “Giga Factory” in three steps.

In the first step, the company focused on large-scale intelligent simulation and leveraged research and development to establish a closed-loop system for automatic driving technologies and efficient use of data.

In the second step, the company used all aspects of key self-driving technologies from its all-star team to launch “Driven by-QCraft”, a self-driving solution that covers a wide range of situations in complex urban environments and car models.

In the third step, the company fulfilled the requirements of smart cities and new infrastructure through quick commercialization of robobuses in nearly 10 cities. It also provided open road mobility services to tens of thousands of residents.









Autojosh.com is an authoritative car blog in Nigeria. Its objective is to get Nigerians and a wider audience to be more informed about automobiles, the automotive sector, and transport infrastructure. Over the years, we have been instrumental in creating immeasurable public awareness about automobiles and their maintenance, safety, and traffic laws, amongst others. ...Your mobility, our priority. TA

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