Zongmu
Focuses on technological innovation and is committed to satisfying the rapid The growing demand for vehicle active safety and intelligent assisted driving.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | - | |
JPY100m | Series B | ||
N/A | Series C | ||
$14.5m Valuation: $146m | Series C | ||
$190m Valuation: $11.4b | Series D | ||
* | $157m Valuation: $11.4b | Series E | |
| Total Funding | $362m | ||
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Zongmu Technology, established in January 2013 by founder Rui Tang, operates as a key supplier of advanced driver-assistance systems (ADAS) and autonomous driving (AD) solutions within the automotive sector. Headquartered in Shanghai's Zhangjiang High-Tech Park, the company has expanded its R&D footprint globally, with centers in several Chinese cities and internationally in Stuttgart, Germany, and Novi, USA. Tang, who holds a master's degree in electronic engineering from Tsinghua University, previously served as an engineering director in the automotive divisions of SiRF in the US and CSR in the UK, bringing extensive experience in automotive electronic chips to the venture.
Zongmu's business model is centered on collaborating directly with automotive manufacturers (OEMs) to provide custom, integrated solutions that enhance vehicle safety and functionality. The company generates revenue through multiple streams, including the direct sale of its ADAS and autonomous driving products, technology licensing agreements, and after-sales services like system upgrades and maintenance. Initially a software algorithm provider, Zongmu has evolved into a comprehensive supplier with in-house R&D and production capabilities, covering L0 to L4 autonomous driving solutions. Its core business spans intelligent driving systems, innovative city services, and wireless charging for new energy vehicles (NEVs).
The company's product portfolio is extensive, featuring systems for both driving and parking. Key offerings include its driving-parking integrated solution 'Amphiman 3000', Automated Valet Parking (AVP), and Automated Parking Assist (APA), which have been a significant revenue source. Zongmu also develops essential hardware such as cameras, ultrasonic sensors, and 4D millimeter-wave radar. The firm has successfully secured mass production contracts with major Chinese automakers, including FAW Hongqi, Chang'an Automobile, and Geely. The company's significant growth is underscored by substantial financial backing, having raised a total of $382 million over six funding rounds from prominent investors like Qualcomm Ventures, Legend Capital, and a Xiaomi-backed fund.
Keywords: Zongmu Technology, Rui Tang, autonomous driving, ADAS, advanced driver-assistance systems, automotive solutions, autonomous valet parking, AVP, automated parking assist, APA, Shanghai, computer vision, sensor fusion, automotive supplier, Level 4 automation, intelligent driving systems, millimeter-wave radar, ultrasonic sensors, FAW Hongqi, Chang'an Automobile, Qualcomm Ventures, driving-parking integrated solutions, smart mobility, surround-view systems, NEV wireless charging
