haomo

After a few years of funding frenzy, autonomous driving companies in China are experiencing a slowdown in investment. Haomo.ai, an autonomous driving startup backed by Chinese automaker Great Wall Motor, has raised 100 million yuan, or $14 million, from a fresh round of funding, it said today. Four-year-old Haomo has raised over $200 million worth of equity funding, according to startup database ITJuzi, and all of that money was denominated in Chinese yuan. Chinese food delivery giant Meituan and Qualcomm Ventures, the corporate venture arm of Qualcomm, are among Haomo’s past investors. Haomo is competing with a rank of Chinese AV upstarts that raised money from Western VCs and, such as Pony.ai, WeRide, Momenta, Deeproute.