Qiangu Technology secures $700 million in Series C financing

36Kr learned that "Qiangu Technology" has completed a Series C financing of RMB 700 million. This round of financing was jointly invested by nine institutions, including Blue Lake Capital, Jiaxing Yangtze River Delta Investment, Rongyi Investment, Zheshang Capital, Xinyi Donghu, Coco Capital, Chengdu Jiaozi Zhongying Fund, Yidao Huizhi, and Chengdu Science and Technology Innovation. The raised funds will focus on the iteration of the core technology of brake-by-wire, the mass production of products, and the expansion of production capacity, continuously consolidating the company's advantages in the field of intelligent chassis.