Continental Group invests in China's autonomous driving company MOTOVIS

Beijing (Gasgoo)-On June 13th, China’s autonomous driving developer, MOTOVIS, announced the completion of its Series C financing round with strategic investment from Continental Group.

Photo credit: MOTOVIS

The two companies will put in joint forces to develop intelligent mobility solutions that are specially designed for Chinese traffic scenarios with optimized costs. The new system solution will be able to cover various passenger vehicle models from low-cost ones to premium vehicles.

The co-developed solution will be multi-functional with low cost, low consumptions, and high security. The solution will support mainstream computing chip platforms and is expandable to adapt to higher levels of autonomous driving functions.

MOTOVIS disclosed that the jointly-developed system solution will be implemented onto China-branded passenger vehicle models in 2023 in a large scale.

Founded in 2015, MOTOVIS is an intelligent driving company focusing on AI-embedded chip platforms for autonomous driving technologies in both the passenger and commercial vehicle sectors. The company holds full-stack autonomous driving algorithms and hardware systems, compatible with L1-L4 demands.

Its in-house-grown autonomous driving and ADAS products have been produced by millions of sets. As one of the first autonomous driving companies that have realized mass production with mainstream passenger vehicle markers in China, MOTOVIS has successfully formed volume production and project cooperation with most of China’s automakers.