On July 18th, HoloMatic announced that it had recently completed its C3 round of financing with a total of RMB 300 million, led by Guangdong Technology Financial Group and GAC Capital, resulting in a total of more than RMB 1 billion in C round financing. In 2021, Holomatic signed an in-depth strategic cooperation agreement with GAC Group, and GAC Group continued to support it in C3 round, with a cumulative investment of nearly RMB 400 million up to now. HoloMatic has also become the only independent autonomous driving company in China that has formed an all-round cooperation with a large automobile group.
This round of financing funds will continue to be used to promote the forward-looking R&D of automatic driving technology and promote the mass production and landing of automatic driving solutions. At a time when the development of automatic driving industry tends to be pragmatic and rational, this financing also reflects the affirmation and support of investors and the industry to HoloMatic, for its focus on the gradual mass production of automatic driving.