Beijing (Gasgoo)- Trugo Tech, a leading Chinese company specializing in X-by-wire chassis technology, has recently announced the successful completion of its Series B financing round, raising an impressive 400 million yuan.
Photo credit: Trugo Tech
Notable investors in this round include FAW Equity Investment, Blue Lake Capital, Fortune Capital, and other well-known funds and industry players.
Trugo Tech is at the forefront of the chassis-by-wire industry, having delivered over 600 million intelligent chassis brake products. The company has also achieved a significant milestone with over one million sets of domestic ESC (Electronic Stability Control) shipped.
Furthermore, Trugo Tech’s EHBI-Onebox electronic hydraulic brake system is now in mass production, with partnerships secured with nearly 10 major automakers for strategic projects.
In the realm of chip technology, Trugo Tech has partnered with leading automakers to develop domestic chip strategies, focusing on localizing advanced components. 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 drive innovation in intelligent chassis technology.
