25 Oct Automobility Investments Weekly Pulse Check – Issue 10
October 11 – October 16, 2019
Issue 10 of our investments newsletter on global auto + mobility transactions.
One of the more interesting deals for this week is KuanDeng raising 100 million RMB from Yihang Funds, which continue the trend of investing in high precision maps. Two weeks ago, one of its competitors, Deeproute, raised $50 million from Fosun RZ and GSR Capital. With fully autonomous level coming after 2024, investors are focusing on technology that could accelerate the process.