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§ Private Profile · Hangzhou, Zhejiang, China
Autonomous driving system solutions for passenger and commercial vehicles, offering ADAS products for smart driving and parking.
Hong Jing Drive, based in Hangzhou, Zhejiang, China, develops full-stack autonomous driving system solutions, integrating software and hardware for in-vehicle computing platforms and offering ADAS products for smart driving and parking. The company focuses on both passenger cars and commercial vehicles, including L3 autonomous heavy trucks, and currently employs approximately 500 individuals, with 85% dedicated to research and development. Hong Jing Drive has raised a total of $29.34 million in funding across various rounds, including a Series B led by CITIC GoldStone. Notable investors include Prosperity7 Ventures, Walden International, Hillhouse Capital, and Zhongan Capital, with JAC Motor serving as a key automotive OEM partner. Founded in 2018 by Dr. Liu Feilong, the company aims to deliver advanced automated transportation solutions.
Hong Jing Drive has raised $30.0M across 2 funding rounds.
Hong Jing Drive has raised $30.0M in total across 2 funding rounds.
Hong Jing Drive has raised $30.0M across 2 funding rounds. Most recently, it raised $14.0M Series B in September 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2023 | $14M Series B | — | Accel, Caffeinated Capital, Hercules Capital, Insight Partners, Khosla Ventures, Prosperity7 Ventures, Sound Ventures, TOP Harvest Capital, Upside Partnership, Y Combinator, George Hoyem, Janis Krums, Karl Jacob, Roger Ehrenberg, RON Garret, SAM Altman, TOM Mcinerney | Announced |
| Feb 1, 2022 | $16M Series B | — | Accel, Caffeinated Capital, Hercules Capital, Insight Partners, Khosla Ventures, Prosperity7 Ventures, Sound Ventures, TOP Harvest Capital, Upside Partnership, Y Combinator, George Hoyem, Janis Krums, Karl Jacob, Roger Ehrenberg, RON Garret, SAM Altman, TOM Mcinerney | Announced |
Hong Jing Drive is a technology company specializing in full-stack autonomous driving solutions, including an advanced computing platform, sensor selection and layout, system calibration, and software development for autonomous vehicles[1][2][3][4]. It serves automotive manufacturers and suppliers by providing integrated systems that enable vehicles to operate autonomously, addressing the complex challenge of safe and reliable self-driving technology.
Founded in December 2003 and headquartered in Wuhu, China, Hong Jing Drive has evolved from an automotive electronics company into a key player in autonomous driving technology[5]. The company’s origin lies in leveraging expertise in automotive electronics to bridge the gap toward automotive-grade autonomous driving systems, gaining early traction through partnerships and technology integration with leading semiconductor providers like AMD[2].
Hong Jing Drive is positioned at the intersection of the growing autonomous vehicle (AV) trend and the increasing demand for integrated, automotive-grade AI computing platforms. The timing is favorable due to rapid advancements in AI, sensor technology, and regulatory support for AV testing and deployment. Market forces such as the push for safer roads, reduced emissions, and enhanced mobility solutions drive demand for companies like Hong Jing Drive. Their integrated approach helps accelerate the commercialization of autonomous vehicles, influencing the broader ecosystem by enabling OEMs and Tier 1 suppliers to adopt autonomous technologies more efficiently[1][2][4].
Looking ahead, Hong Jing Drive is likely to deepen its technological capabilities in AI computing and sensor fusion while expanding partnerships within the automotive supply chain. Trends such as increased electrification, 5G connectivity, and edge computing will shape their product evolution. Their influence may grow as autonomous driving moves from pilot projects to mass-market adoption, positioning Hong Jing Drive as a critical enabler of next-generation mobility solutions.
In summary, Hong Jing Drive stands out as a comprehensive autonomous driving technology provider with a strong foundation in automotive electronics, poised to capitalize on the accelerating shift toward autonomous vehicles.
Hong Jing Drive has raised $30.0M in total across 2 funding rounds.
Hong Jing Drive's investors include Accel, Caffeinated Capital, Hercules Capital, Insight Partners, Khosla Ventures, Prosperity7 Ventures, Sound Ventures, Top Harvest Capital, Upside Partnership, Y Combinator, George Hoyem, Janis Krums.