PATEO Internet of Vehicles completed 1 billion yuan in Series C financing, with a total financing of over 2.5 billion yuan

Recently, PATEO Internet of Vehicles announced the information of the C round of financing. The amount of this round of financing is 1 billion yuan. The C round strategic investors are Shanghai Guosheng Capital, and the C+ round strategic investors are Ping An Capital and Jinggangshan Fund. This financing will use Itwill continue to increase its deploymentof intelligent connectedvehicles and further accelerate its listing process on the Science and Technology Innovation Board.

Image source: PATEO Internet of Vehicles

So far, PATEO has accumulated many investment institutions such as Ping An Capital, Jinggangshan Fund, Shanghai Guosheng Capital, CCB Trust, Haier Capital, etc., as well as Dongfeng Group, FAW Group, Xiaomi Group, FAW Forsun, Tunnel Co., Ltd., ChinaElectric Vehicle100 Association Strategic investment from many leading companies and institutions in the industry chain, with a total financing of more than 2.5 billion.

As one of the important participants in China's intelligent networked vehicle track, PATEO already has core technologies such as operating system, intelligent voice, hardware, map and cloud platform, and can provide intelligent vehicle information service system research and development, manufacturing and later supporting services , and based on SOA and "software-defined vehicles", it provides software application development and operation for users in the cockpit domain, autonomous driving domain, and vehicle domain. Customers cover nearly 100 models of nearly 30 car brands including luxury, joint venture, and autonomous vehicles.

For example, in the field of intelligent cockpit, PATEO has built a multi-modal interaction solution, which not only supports multi-screen interaction such as instrument screen and central control screen, but also provides drivers and passengers with a more natural human-computer interaction experience through AI intelligent voice.In addition, the cockpit solution has a rich application ecology. In addition to multimedia and navigation ecology, it also supports in-depth customization to fully meet the diverse driving needs of users.

In order to give users a better smart cockpit experience, PATEO recently announced a partnership with BlackBerry to build a smart cockpit based on the QNX® Neutrino® real-time operating system (RTOS) and QNX® Hypervisor, providing more personalized and interactive smart driving experience.It is reported that the relevant solutions have been assigned by five automakers and more than ten models of mass production projects, including Dongfeng Lantu, NezhaNew Energy, as well as a leading domestic private auto company and two overseas automakers.