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Automotive software company Megatronix receives a USD 100M financing round.


Megatronix is a supplier of intelligent automotive software. Ascendent Capital Partners led their financing. Megatronix's business not only includes software technologies such as digital cockpit, voice interaction, and cloud service, but also hardware functions such as gateway, T-Box, body domain controller, and ADAS domain controller. The primary purpose of the funding is to support the company's diversified business models. Currently, Megatronix is working with customers such as Li Auto, Chang'an, and Chery. Therefore, it will take up a lot of working capital to supply automotive companies. Therefore, this funding round is mainly for docking with automotive companies in various business models.


Source: https://www.36kr.com/p/1222502611554947

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