Xiaomi-backed autonomous driving decacorn ZongMu nets USD 190 million Series D

Autonomous driving startup ZongMu Technology completed a Series D financing round worth USD 190 million from investors including Denso, Cowin Capital, and LTW Capital. ZongMu counts Xiaomi Changjiang Industrial Investment Fund as a backer, and the fresh funds mark the first investment in China’s autonomous driving sector since Xiaomi’s entrance into the electric vehicle industry in March. Founded in 2013,…
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