https://techcrunch.com/2024/02/21/greatwall-haomo-autonomous-driving/

After a few years of funding frenzy, autonomous driving companies in China are experiencing a slowdown in investment. Some companies are still hauling in capital, though the era of bankrolling several hundred million dollars in a single round has mostly passed.

Haomo.ai, an autonomous driving startup backed by Chinese automaker Great Wall Motor, has raised 100 million yuan, or $14 million, from a fresh round of funding, it said today. The investment is the first tranche of the company’s Series B funding and was led by Chengdu Wufa Private Equity Fund Management, an investment vehicle backed by the government of Chengdu.