Shanghai Qiangu Automobile Technology
Manufacturing of wire-controlled chassis for smart vehicles.
Date | Investors | Amount | Round |
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investor investor | €0.0 | round | |
investor investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
investor investor investor investor investor | €0.0 | round | |
* | CNY400m | Series B | |
Total Funding | 000k |
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Shanghai Qiangu Automobile Technology Co., Ltd., operating as Trugotech, is a developer of wire-controlled chassis components for the automobile industry. Founded in 2015, the company is headquartered in Shanghai, China, and focuses on developing key components for electric and intelligent networked vehicles. Trugotech has a team of nearly 300 employees, with research and development personnel accounting for almost 80% of the workforce. The core team members possess over a decade of experience in new energy and intelligent chassis development.
The company specializes in X-by-wire systems, which include braking, steering, and suspension systems, as well as domain control systems. Its product lineup features Electronic Stability Control (ESC), an integrated one-box Electric Hydraulic Booster (EHBI), a two-box Electric Hydraulic Booster (EHBH), and Electric Power Steering (EPS). These systems are designed to improve driving safety by reducing braking response times compared to traditional mechanical systems. Trugotech's business model is centered on the research, development, and manufacturing of these wire-controlled chassis systems, serving major automakers. The company has secured partnerships with nearly 10 major automakers for strategic projects.
Trugotech has achieved significant milestones, including the delivery of over 600 million intelligent chassis brake products and surpassing one million sets in cumulative domestic ESC shipments. The company has also established an "Intelligent Chassis-by-Wire Joint Laboratory" in collaboration with SAIC-GM-Wuling, Wuhan University of Technology, and Baolong Automotive to advance intelligent chassis technology. Financially, Trugotech has secured multiple funding rounds. In June 2022, it raised an undisclosed amount in a Seed round from investors HELLA and Yijing Capital. More recently, the company completed a Series B financing round of 400 million yuan from investors including FAW Equity Investment, Blue Lake Capital, and Dachen Caizhi.
Keywords: wire-controlled chassis, automotive components, X-by-wire systems, intelligent braking, electric power steering, electronic stability control, automotive technology, chassis control, new energy vehicles, intelligent vehicles, EHBI, Onebox, vehicle motion control, automotive manufacturing, functional safety, ISO26262, automotive electronics, braking systems, steering systems, suspension systems