# FreeTech Intelligent Systems Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freetech-intelligent-systems-co

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Hangzhou, China
- Website: www.autofreetech.com
- Total disclosed funding: $201M
- Latest round: Series B (Jan 31, 2023)
- Investors on record: 18

## About

Established in 2016 and based in Hangzhou, China, FreeTech Intelligent Systems Co., Ltd. operates as an intelligent driving solutions and products supplier that provides assisted driving-related technologies and solutions. The company is headquartered in Shanghai and has a production plant located in Jiaxing. In January 2020, RoboSense became the strategic partner of the company. In May 2018, it established a smart driving test center in Wuzhen. In November 2022, the company raised approximately USD 100 million in series B funding led by Shanghai Chaos Investment Group. The company has many clients and partners, such as Geely Auto, Horizon Robotics, and Beiben Truck. 

The company provides intelligent driving solutions and products for the automotive industry. Its products include radar and lidar, front view camera, and domain control unit. Radar and lidar include front-center radar, front and rear corner radars, and lidar sensing and positioning. The function of front center radar includes front collision warning (FCW), traffic jam assist (TJA), highway assist (HWA), adaptive cruise control (ACC), and automatic emergency braking (AEB). The company's solutions include ADAS, autonomous driving, and engineering services.

## Funding rounds

- Series B, Jan 31, 2023 — Qingyan Capital, CCCC Fund, Yunxiang Wuzhen
- Series B, Nov 28, 2022, $100M — Sun Life Everbright, Shanghai Chaos Investment Group, BAIC Capital, Hengxu Capital, Hangzhou Aopeng Investment Management, Shaanxi Automobile Group Co.,Ltd., Nanhu Financial Capital, TCL Industrial Holdings(Guangdong)Co., Ltd.
- Series A, Jul 5, 2021, $100M — Shenzhen Hui Capital Limited, China Internet Investment Fund, Hua Ventures, Phi Zoyi Capital
- Seed, Oct 25, 2017, $0.9M — GSR United Capital
- Seed, Nov 20, 2016 — Ciit Asset Management, Feima, GSR United Capital

## Investors

- Ciit Asset Management (https://capitalatlas.ai/funds/ciit-asset-management) — Seed
- Feima — Seed
- GSR United Capital (https://capitalatlas.ai/funds/gsr-united-capital) — Seed
- Shenzhen Hui Capital Limited — Series A
- China Internet Investment Fund (https://capitalatlas.ai/funds/china-internet-investment-fund) — Series A
- Hua Ventures (https://capitalatlas.ai/funds/hua-ventures) — Series A
- Phi Zoyi Capital (https://capitalatlas.ai/funds/phi-zoyi-capital) — Series A
- Sun Life Everbright (https://capitalatlas.ai/funds/sun-life-everbright) — Series B
- Shanghai Chaos Investment Group — Series B
- BAIC Capital (https://capitalatlas.ai/funds/baic-capital) — Series B
- Hengxu Capital (https://capitalatlas.ai/funds/hengxu-capital) — Series B
- Hangzhou Aopeng Investment Management (https://capitalatlas.ai/funds/hangzhou-aopeng-investment-management) — Series B
- Shaanxi Automobile Group Co.,Ltd. — Series B
- Nanhu Financial Capital (https://capitalatlas.ai/funds/nanhu-financial-capital) — Series B
- TCL Industrial Holdings(Guangdong)Co., Ltd. — Series B
- Qingyan Capital — Series B
- CCCC Fund (https://capitalatlas.ai/funds/cccc-fund) — Series B
- Yunxiang Wuzhen — Series B