Self-driving enterprise "Jiu Shi Intelligent" has completed a $100 million Series B1 financing round, with Lighthouse Capital serving as the exclusive financial advisor.

Recently, the autonomous driving enterprise "JiuShi Intelligence" announced the completion of a $100 million Series B1 financing round. This financing is one of the largest amounts completed in the autonomous driving field in the past year. This round was jointly led by CDH Hundred-Fold and Blue Lake Capital, with other existing shareholders participating. Lighthouse Capital continues to serve as the exclusive financial advisor. It is understood that JiuShi Intelligence has the self-developed capability of the full-stack technology for L4 autonomous driving and is the first enterprise in the industry to achieve a positive gross margin operation with the "turnkey car sales" model. Currently, more than a thousand unmanned urban delivery vehicles of JiuShi have been put into operation in more than 130 cities, accumulating over 4 million kilometers of L4 operational mileage.