On May 13th, SemiDrive, a prominent Chinese automotive-grade chip enterprise, proudly declared the successful closure of its Series C funding round, raising an impressive sum of nearly $100 million. This round was spearheaded by Jiangsu Industrial Technology Investment (JITI), and marked the entry of Shaanxi Automobile Hongde Investment as a new strategic investor. Additionally, several renowned investment entities and industrial capital firms, such as Yizhuang Venture Capital, Beijing Advanced Manufacturing Fund, Xi'an Finance, and Yizhong Gengtai, actively participated in this funding round. The freshly acquired capital will be strategically allocated towards the research and development of automotive-grade chips, facilitating large-scale production and delivery, fostering the construction of an industrial ecosystem, and bolstering SemiDrive's foray into innovative application domains, including embodied AI.