Beijing Zhuoyi Intelligence Technology Co., Ltd. has recently successfully closed a Series C strategic financing round, raising RMB 200 million. The investor for this round is Hangzhou Low-Altitude Industry Development Co., Ltd., a subsidiary of the Hangzhou Industrial Investment Group. This latest infusion of strategic capital comes on the heels of significant investments the company received from AVIC and Zhongguancun Science City in late 2023, as well as from the Beijing Advanced Manufacturing Industry Fund in 2024, marking yet another pivotal boost for the company.
The newly acquired funds will be strategically allocated towards several key initiatives. These include the construction of a cutting-edge, flexible manufacturing production line in Hangzhou, the establishment of the company's East China headquarters, and the advancement of the engineering and commercialization efforts for core technologies. These core technologies encompass UAV (Unmanned Aerial Vehicle) swarm intelligence, artificial intelligence operating systems, and innovative applications for low-altitude scenarios.
