Yicheng Innovation, a commercial unmanned vehicle, has completed tens of millions of yuan in Series A financing, and has landed commercial projects in steel and other industries

36 Krypton learned that recently, Shenzhen Yicheng Autonomous Driving Technology Co., Ltd. (hereinafter referred to as " Yicheng Innovation ") has completed tens of millions of yuan in Series A financing, and the investment institutions are Yashang Capital and Huizhi Weichuang Investment. This round of financing will be used for the category development and expansion of mobile composite robots to support the rapid growth of orders, while constantly exploring and innovating new sales channels.


Yicheng Innovation, a commercial unmanned vehicle, has completed tens of millions of yuan in Series A financing, and has landed commercial projects in steel and other industries


Yicheng Innovation focuses on the field of unmanned connection and unmanned logistics. It has fully independent intellectual property rights of automatic driving controller technology and algorithms, full-scene wire-controlled chassis, and unmanned terminal commercial vehicles to solve the last five most needed problems in the market. Kilometers of unmanned hard demand.




Yicheng Innovation

According to reports, as of now, Yicheng Innovation has reached cooperation with many industry leaders around the world. In 2023, it will receive 80 million intentional orders. The product matrix ranges from unmanned shuttle buses in scenic spots to 6-meter-long, cargo-carrying A logistics vehicles with a maximum capacity of 10 tons. The specific product matrix is divided into three categories: First, "Easy Line Products" has been deeply involved in the field of unmanned shuttle buses, and nearly 200 shuttle buses have been launched; "GEMINI Products" have reached strategic cooperation with many industry giants and provided products; "AMR ( "Autonomous mobile robot) products" have also created benchmarking commercial landing projects in the steel industry and organic agricultural parks, and nearly 30 logistics vehicles have landed.




AMR products

This year, Yicheng Innovation will focus on the speed of commercialization and the ability to scale. Yicheng Innovation CEO Song Chaozhong said that commercial unmanned vehicles are still a blue ocean market, and Yicheng Innovation is targeting outdoor logistics applications in the intelligentization of large factories. By creating benchmark customers and setting up offline booths, we will gradually deepen into subdivided fields.

Song Chaozhong said, "Prices in line with commercial logic, mature technical solutions, and standardized delivery processes have enabled Yicheng Innovation to achieve rapid and large-scale replication in multiple park scenarios. The company has deployed passenger shuttles in hundreds of parks at home and abroad. Various types of robots, such as robots, load-carrying logistics robots, patrol robots, and cleaning robots, help partners from all walks of life to improve the level of digitalization and intelligence in production and operation, and build a modern intelligent manufacturing and intelligent service system."




Investment point of view

Founded in 2000, Asia Business Capital is rooted in the Greater Bay Area and the Yangtze River Delta. It focuses on investment in the field of technological innovation and has invested in nearly 300 companies. 

Guo Rui, a partner of Asia Business Capital, said: "The application of unmanned driving technology in low-speed and closed scenarios is accelerating, especially in industrial scenarios. Wider space for display. Yicheng Innovation is an excellent team with outstanding landing ability that we have seen in the unmanned driving track, and we hope that Yicheng Innovation can stand out in this imaginative track.”




Huizhi Weichuang Investment

Founded in 2020, Huizhi Weichuang Investment is a wholly-owned investment platform under the Collaborative Innovation Research Institute of CNC Equipment of Guangdong University of Technology, Nanhai District, Foshan City. The institute is jointly established by the Guangdong Provincial Department of Science and Technology, the Foshan Municipal People's Government, the Nanhai District People's Government, the Foshan High-tech Zone Management Committee, and the Guangdong University of Technology.

Ling Yijun, head of Huizhi Weichuang Industrial Investment, said: At present, the domestic unmanned driving commercialization market is still in the early stage of development. We believe that special and closed scenarios will be given priority to development, especially in terminal commercial scenarios. There will be a first-mover advantage, which is conducive to quickly improving the operational efficiency and safety of logistics and people flow. 

We have selected Yicheng Innovation in the subdivision of industrial intelligent unmanned logistics. The company has excellent core technical capabilities and commercialization capabilities and believes that it can become the leader of the unmanned driving track.

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