# Vcarsystem

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vcarsystem

- Industry: Hardware
- Headquarters: Shanghai, China
- Website: www.vcarsystem.com
- Latest round: Series C (Aug 14, 2024)
- Investors on record: 8

## About

Established in 2011 and based in Shanghai, China, Kunyi Electronic Technology (Shanghai) Co., Ltd, doing business as Vcarsystem, is an automotive electronic controller developer that specializes in network development and testing, embedded software and hardware development and testing, and the research, development, production and sales of virtual simulation testing equipment. The company has set up branches in Wuhan, Shanghai and Kunming, with more than 500 employees, 70% of whom are R&D engineers. It has been recognized as a national high-tech enterprise and a Shanghai specialized, refined and innovative enterprise. In August 2024, it closed a series C funding.

The company has developed tools for automated driving data acquisition, image processing algorithms, virtual testing, including data acquisition equipment, local storage of experimental data, remote transmission, cloud storage, HIL hardware-in-the-loop test systems, etc. Its products cover underlying hardware and software, as well as upper-level algorithms. The products can be applied to electronic appliances, test verification, new energy and other fields. It is a supplier to intelligent driving companies such as Huawei, Weilai, Xiaopeng, Ideal, etc.

The company generates revenue by providing automotive electronics development and testing tools.

## Funding rounds

- Series C, Aug 14, 2024 — Vision Plus Capital, SDIC Unity Capital, Golden Ant Investment, Changjiang Securities Innovation Investment(Hubei)Co., Ltd.
- Series B, Aug 1, 2023 — MPC
- Series A, Jun 13, 2023 — Hua Ventures, Inspiration Capital
- Series A, Jun 23, 2022 — Inspiration Capital, Shanghai Hanyuan Investment Center

## Investors

- Inspiration Capital (https://capitalatlas.ai/funds/inspiration-capital) — Series A
- Shanghai Hanyuan Investment Center — Series A
- Hua Ventures (https://capitalatlas.ai/funds/hua-ventures) — Series A
- MPC — Series B
- Vision Plus Capital (https://capitalatlas.ai/funds/vision-plus-capital) — Series C
- SDIC Unity Capital (https://capitalatlas.ai/funds/sdic-unity-capital) — Series C
- Golden Ant Investment (https://capitalatlas.ai/funds/golden-ant-investment) — Series C
- Changjiang Securities Innovation Investment(Hubei)Co., Ltd. — Series C