Zongmu Technology Co. Ltd. announced that it has received $190,000,000 in a round of funding on June 3, 2021. The company has received funding in 3 tranches of series D1, series D2 and series D3.

The series D1 was led by new investor, DENSO Corporation (TSE:6902) with the participation from Chongqing Liangjiang Equity Investment Fund Management Co., Ltd., Huzhou Taihu Lake Group and existing investor, Jadex Capital. The series D2 was co-led by new investors, Shenzhen Co-win Venture Capital Investments Limited and Gaoyuan Capital. The series D3 was exclusively led by new investor, Hubei Xiaomi Yangtze Industry Fund Partnership Ent.

(L.P.), a fund managed by Hubei Xiaomi Yangtze River Industry Investment Fund Management Co., Ltd. and included participation from new investor, Shanghai Xingsheng Equity Investment & Management Co., Ltd., Shanghai Science & Technology Investment Co. Ltd., Fosun Capital and others, besides returning investors, Legend Capital Management Co., Ltd., Qualcomm Ventures LLC and Jadex Capital. The transaction also included participation from LTW Capital Investment Management (Shenzhen) Co., Ltd., Keboda Investment Holdings Co., Ltd. and Chongqing Changan Automobile Company Limited (SZSE:200625).