经纬恒润, founded in 2003, develops automotive electronic products and provides engineering consulting, R&D tools and operation-and-maintenance services across automotive electronics, intelligent driving, telematics, new energy and optoelectronics. The company announced on June 30, 2020 that it completed a new financing round with China Renaissance's New Economy Fund exclusively investing RMB 210 million, becoming its largest external investor. Post-financing, 经纬恒润 plans to increase R&D investment in intelligent driving, intelligent connected-vehicle systems, new energy, and closed‑scenario autonomous driving operations and maintenance. Management said the proceeds will be used to broaden product lines, expand the customer base, and improve product quality and service. The company and its investor framed the raise as timely given the industry 'new four modernizations' (electrification, connectivity, intelligence, sharing) and an expected domestic automotive electronics market exceeding RMB 900 billion by 2025. Investors highlighted 经纬恒润's strong engineering culture and long R&D track record and expressed confidence in its potential to become a world‑class automotive electronics systems supplier.

Total raised

$30M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2020