May 26, 2022

The autonomous driving industry in China has grown rapidly over the past two years, with both institutional and corporate investors pouring money into an autonomous future. Companies that thrive in the downstream business by providing robot taxis, driving robot buses or delivering bots are especially popular with investors who have raised hundreds of millions of dollars and have huge valuations.

The prospect of getting rich and becoming a household name has also inspired some of their vendors to create end-of-life solutions. One such ambitious self-driving equipment supplier is PIX Moving, a Chinese company specializing in car skateboards, a type of chassis that contains a battery, drive and other key components and can be adapted to different autonomous driving scenarios. be optimized thanks to modular architecture. – Looks like Cana.

Founded in 2014 by former architect Chuan Yu, PIX recently raised 72 million yuan ($11 million) in its Pre-A round, raising its capital to $20 million, gaming-updates said.

The company was part of the second batch of the HAX hardware accelerator when it started building drone solutions. It entered the automotive industry five years ago and has since won several customers in China, Europe, North America and Australia. Some of the big names include Alibaba, which uses its skateboard chassis, as well as Baidu and a German Tier 1 auto parts maker (name withheld due to confidentiality agreement), which buys turnkey robotic cars.

PIX is no longer comfortable with the white-label supplier role, so it recently launched Self-driving cars offered in their own namePart of the new funding will go towards mass production of our own Robobus chassis platforms and skateboard, while the rest will be spent on production expansion, overseas expansion and hiring for our customers. The company expects a production capacity of 1,200-2,500 vehicles this year.

PIX declined to reveal the name of its sole investor in the latest funding round, saying it is China’s leading sanitation solution provider with more than 10,000 units deployed across the country. The investment aims to create strategic synergies, so PIX and investors will jointly develop service robots for “green exploitation” scenarios, which can mean anything from garbage collection to street cleaning.

Asked if the company plans to compete in the growing self-driving car industry, Nancy Li, PIX’s director of international business, said the company can create custom chassis at a lower cost and time than traditional manufacturers. Uses 3D printing. ,

The company currently generates 30-40% of its revenues abroad, but this share is expected to reach 50% in the next two years. China may have championed autonomous driving technologies, but even the “challenging” traffic conditions in Chinese cities make it difficult to mass-deploy self-driving cars, Li argues.

Interestingly, PIX is located in southwest China’s Guizhou province, which is known as a major hub for data centers like Apple. It also supports R&D and business development teams in Beijing, Shanghai and Shenzhen. Outside of China, it has two part-time employees in sales and technical support in the US, and the establishment of a subsidiary in Germany for manufacturing and R&D.

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