On 8 November 2022, PICC Equity Investment Fund (Shanghai) Center (Limited Partnership) ("PICC Capital") led the Series C financing of Atek Automotive Electronics (Wuhu) Co., Ltd. "Atek"), a leading enterprise in the automotive electronics industry, with co-investors including Xiaomi Production and Investment, CICC Capital, Anhui State Control Capital and SMIC. This round of financing will support the expansion of the Atek production line and the deepening of R&D.
Founded in 2002, Atek designs, develops, manufactures and sells a wide range of automotive electronics. After 20 years of development, Atek has built a national engineering research center certified by the National Development and Reform Commission, and has been certified as a national key high-tech enterprise by the Ministry of Science and Technology, and has gradually become a Tier 1 leading enterprise in automobiles. In the wave of the new generation of intelligent vehicles, and the trend is more and more obvious that the centralized automotive architecture with higher functional integration is replacing the traditional scattered small controllers With a new generation of electronic and electrical architecture and SOA concept, Atek has established an automotive electronics ecological chain by developing core products such as central core domain control, body controller, cockpit domain controller, AR-HUD around the body domain, cockpit domain and self-driving domain. So far, more than 10 million vehicles across the country are equipped with Atek products.
Llinks Team:
Partners: Selena She, Colin Shi
Associate: Roy Wang
