# Chenlu Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chenlu-technology

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Shanghai, China
- Total disclosed funding: $14M
- Latest round: Series A (Oct 30, 2023)
- Investors on record: 2

## About

Based in Shanghai, China, and founded in 2023, Chenlu Technology operates as a full-stack intelligent steering service provider, specializing in chassis intelligent steering electronic control product development, production, and sales. The founder of the company, Li Chen, worked at BYD Company Limited and Huawei Technologies. In October 2023, it raised approximately CNY 100 million in series A funding led by new investor Harvest Capital. In July 2024, Chenlu Technology closed a strategic investment.

Based on the AUTOSAR system, Chenlu Technology provides customers with standard system solutions and customized development services. The company has developed a full line of steering system products, including brushed EPS, brushless EPS, active steering, steer-by-wire, and rear-wheel steering.

The company generates revenue by developing and selling chassis intelligent steering electronic control and system integration products.

The company's steer-by-wire system is expected to reach mass production in 2025.

## Funding rounds

- Series A, Oct 30, 2023, $14M — Thunder Software Technology, Harvest Capital

## Investors

- Thunder Software Technology — Series A
- Harvest Capital — Series A