Maxsense Technology completed Round A financing to accelerate the expansion of trillions of smart green transportation capacity market space
2022-12-05
The pioneer of intelligent transportation capacity, Maxsense Technology, has completed the latest round of financing with a financing amount of tens of millions of yuan, led by Liding Capital, Galaxy Venture Capital, and co-invested by Ruixia Capital and Zaihe Capital. Previously, Maxsense Technology had obtained several rounds of investment from investment institutions such as Weichai Industrial Fund, Yijin Capital, Boleton, Dechen, industrial investors, and new forces in car building. With the completion of this round of financing, Maxsense Technology has once again gained continuous recognition from the industry and capital market, and the process of capitalization, business development, and implementation will continue to accelerate.
The core team of Maxsense Technology has deep accumulation in robotics, vehicles and autonomous driving, industrial automation technology, port machinery, mining engineering machinery, and other related fields. It has established close strategic cooperation relationships with industry giants such as Shandong Heavy Industry Group, Weichai Group, China Building Materials, Shandong Port Group, Shandong Pengxiang, Weicheng Wanxin, Huayue Holdings, and so on. Currently, Maxsense Technology has completed the verification of unmanned driving schemes for various transportation tools, including large mining trucks, wide body dump trucks, highway dump trucks, tractors, frame AGVs, passenger cars, etc. From open-pit mining areas to port areas, factories, mines, and other environments, Maxsense Technology can achieve more than 85% reuse of technology and solutions, involving vehicle power types including diesel, pure electric, hybrid, hydrogen energy, and so on.
The T-shaped strategy continues to create core competitive products and build a top domestic ecosystem
In terms of the overall intelligent transportation capacity business in open-pit mining areas, Maxsense Technology has completed the verification of unmanned driving solutions and the construction of an operation service system for open-pit mining areas through the first domestic open-pit mining area transportation overall contracting operation project, and has the ability to scale replication and business development in open-pit mining areas. In terms of intelligent transportation solution output business, Maxsense Technology has successfully delivered several heavyweight customers in various fields. In the scene of sand and aggregate mines, Maxsense Technology continued to cooperate with China Building Materials Tianjin Cement Institute and China National Weapon Group Shandong Pengxiang Automobile, delivering autonomous vehicles in sets in multiple batches and putting them into operation on the spot; In the bulk cargo port scenario, Maxsense Technology has partnered with Weichai Group and Shandong Port Group to create the world's first zero carbon, intelligent, and universal overall solution for unmanned transportation operations at dry bulk cargo terminals, and has achieved normalized operation. In the future, the project plans to further expand the scale of the fleet based on the early stage, and create the world's largest unmanned operation system for general dry bulk cargo terminals. In the scenarios of open-pit coal mines and open-pit nonferrous metal mines, Maxsense Technology, together with the top engineering equipment and mine operation teams in China, is implementing an overall solution for green and intelligent transportation capacity in ultra-large open-pit mines. With the continuous deployment and delivery of the project, the overall business scale of the company will grow rapidly, and the size of the autonomous driving fleet will exceed 100 units within the year, and the geometric quantity will double from 2023 to 2025.
Investment Perspectives and Industry Insights
As a professional investment fund management institution and comprehensive investment management group, Liding Capital has completed investments in over 100 projects, with nearly 30 companies successfully listed and many becoming industry leaders. Liding Capital's funds include venture capital (VC), growth investment (PE), acquisition and merger (BUYOUT), and disposal of non performing assets (AMC), with a total fund management scale of over 30 billion yuan. Liding Capital has currently invested in semiconductor and autonomous driving hard technology companies, including BYD Semiconductor, Yushi Technology, Green Deep Tong, and others. Zhang Xuejun, CEO of Liding Capital, said, "The closed circuit is large enough, and it is in the early stages of industrialization, and the market pattern is not yet mature. The team of MaxsenseScience and Technology has a solid technical foundation, strong landing ability, and a combination of technological innovation and field operation genes. It is very promising to occupy the position of the first echelon in the future market pattern."
Galaxy Venture Capital focuses on technology supply chain investment, looking for supply chain projects driven by digital technology (AI, SaaS, IoT, etc.), and also focuses on the deep integration of digital technology and advanced manufacturing industries. Zhao Yuhe, Director of Galaxy Venture Capital Investment, said: "With the decrease in the cost of sensors on the hardware side and the continuous iteration of algorithm models on the software side, autonomous driving has gradually been applied in various business scenarios, with commercialization becoming a key word. The restrictions of laws and regulations on open roads make autonomous driving applications in this environment still mostly at the testing stage. Relatively speaking, autonomous driving and unmanned operation can well solve the recruitment problem in closed scenarios such as ports and mining areas Due to the two major pain points of difficulty and significant safety hazards in the production process, the commercialization process of autonomous driving in closed scenarios will be faster than on open roads, and its market space of hundreds of billions of yuan will be rapidly opened. "Starting from a closed scenario, Maxsense Technology has always adhered to the strategic plan of technological innovation+commercialization implementation from the beginning of its establishment. We believe that through continuous data accumulation and algorithm optimization, its engineering capabilities will continue to improve, gradually possessing the ability to apply autonomous driving technology to open roads such as trunk logistics, and breaking through a broader market space!" Ruixia Capital has made a layout in popular racetracks such as healthcare, new energy, semiconductor, and invested in a series of leading domestic enterprises, including XCMG Group, Black sesame, Gaohe Automobile, Liancheng CNC, and New Jieneng. Ruixia Capital continues to pay attention to and be optimistic about the future prospects of autonomous driving, and is optimistic about the first commercial landing of unmanned driving in mining areas and ports. The core team of Maxsense Technology is composed of three experts from the Robotics Research Institute of Shanghai Jiaotong University, head engine manufacturers such as BMW, SAIC, FAW, and well-known comprehensive large enterprises such as Zhenhua Heavy Industry, General Electric, Shenhua, and Komatsu China. It not only has many years of research and development experience and industry resources in the field of autonomous driving, but also has a profound industry understanding of mining port transportation. In the future, Ruixia Investment will integrate the resource advantages of upstream and downstream related industrial chains, and comprehensively empower the long-term development of Maxsense Technology through the combination of industry and finance. Zaihe Capital is a deeply cultivated entrepreneurial incubation investor in the domestic commercial vehicle, robotics, and military industries. Zaihe Capital has incubated and invested in a series of well-known projects in the industry, such as Fangshi Technology, Tianbing Technology, Istar Aerospace, and Subao Automobile. Zong Xiao, founder of Zaihe Capital, continues to be optimistic about the application and implementation of technologies such as autonomous driving and new energy in the field of commercial vehicles and construction machinery from the perspective of industry itself and underlying business logic, and continues to pay attention to, seek out, and invest in the "dark horse" team in the industry.
Development Strategy and Path of Maxsense Technology
Fei Wei, COO of Maxsense Technology, said: "This round of financing will mainly be used for continuous investment in production and research and business landing. At present, Maxsense Technology mainly focuses on short-term and high-frequency production logistics scenarios such as mines, ports, and field areas, constantly building core technology and product advantages of autonomous driving core software and hardware control systems, and providing users with complete solutions or operational services. With the steady growth of the size of Maxsense Technology team, the company will also provide in other types of major logistics scenarios." Some landing solutions or products. The company plans to cooperate with domestic traditional engine manufacturers and "new forces of car building" in strategic cooperation to develop a new generation of vehicles that are more suitable for intelligent logistics scenarios, including various types of vehicles and equipment such as intelligent construction machinery and commercial vehicles. "At the same time, we continue to pay attention to and graft on new energy technologies such as pure electricity and hydrogen energy, as well as emerging energy supplement modes such as power exchange and fast charging. In combination with the company's own solid industrial automation and driverless technology, as well as rich experience in digital management of industrial production, we truly implement green, intelligent, and organically integrated software and hardware products or solutions in large-scale production and logistics environments." The autonomous driving technology for industrial semi closed scenes is a rigid requirement. As a leading domestic intelligent transportation technology and service provider, Maxsense Technology starts from closed scenes, but not just closed scenes. Qiu Changwu and Gu Jiajun, who graduated from the Robotics Research Institute of Shanghai Jiaotong University, have developed a full stack of technical solutions based on their team members' engineering capabilities and experience in autonomous driving of passenger vehicles, which not only enables the intellectualization and localization of large-scale engineering equipment, but also focuses on application scenarios involving basic industries such as energy, transportation, and manufacturing. After completing the application deployment of autonomous driving, the sustainability of future revenue The stability can be expected.
