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Sovereign Wealth Fund
FINANCIAL | Investment Firms & Funds
yangtze-fund.com

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Investments

6

Funds

1

About Yangtze River Industry Fund

Yangtze River Industry Fund is the venture capital vehicle of the government of central Hubei province.

Yangtze River Industry Fund Headquarter Location

10th Foor, Building B, Poly Plaza 99 Zhongnan Road, Wuchang

Wuhan, Hubei,

China

+86 027-63966666

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Yangtze River Industry Fund News

Autonomous driving startup G-PAL bags pre-Series A from Xiaomi and Baidu’s investment arms

Aug 3, 2021

Automakers like SAIC Motor use the startup’s self-driving system, which utilizes 4D millimeter-wave technology. Shanghai-based autonomous driving startup G-PAL raised RMB 400 million (USD 61.4 million) from investors including Matrix Partners China, Baidu Ventures, Xiaomi’s Yangtze River Industry Fund, and PwC. The funds will be used to scale the production of the company’s self-driving systems. Founded in 2018, G-PAL offers full-stack autopilot solutions using 4D millimeter-wave imaging radar to enable its spatial analysis and decision-making engine. G-PAL was developed in partnership with SAIC Motor, which is currently the company’s largest customer. The company aims to mass produce its autonomous driving systems at a more affordable price, with the systems set to be installed in passenger cars by 2023. “G-PAL’s technology is very compatible with SAIC Motor’s vehicles, as its 4D millimeter-wave autonomous driving systems are highly reliable, cost-efficient, and scalable,” said Feng Qi, a director at SAIC’s research center. As early as 2017, automakers like Ford and General Motors began exploring low-cost perception solutions that combined the use of radar and cameras, according to G-PAL’s CEO Xun Dan. The company’s breakthrough in the use of 4D millimeter-wave radars can conduct accurate spatial analysis in inclement conditions and has been tested in container truck guidance at Shanghai’s ports, said Xun. “G-PAL is a global leader in 4D millimeter-wave imaging radar with its multi-sensor fusion technology, setting up the company to implement its autonomous driving solutions,” said Baidu Ventures’ CEO, Gao Xue.

Yangtze River Industry Fund Investments

6 Investments

Yangtze River Industry Fund has made 6 investments. Their latest investment was in jssisemi as part of their Series A - II on October 10, 2021.

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Yangtze River Industry Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/15/2021

Series A - II

jssisemi

$155.53M

No

6

8/31/2021

Series A

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$99M

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10

7/9/2021

Series B

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$99M

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10

12/28/2020

Series B - II

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$99M

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10

9/22/2020

Series D

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$99M

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10

Date

10/15/2021

8/31/2021

7/9/2021

12/28/2020

9/22/2020

Round

Series A - II

Series A

Series B

Series B - II

Series D

Company

jssisemi

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Amount

$155.53M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

6

10

10

10

10

Yangtze River Industry Fund Fund History

1 Fund History

Yangtze River Industry Fund has 1 fund, including Yangtze River Economic Belt Industrial Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Yangtze River Economic Belt Industrial Fund

Diversified Private Equity

1

Closing Date

Fund

Yangtze River Economic Belt Industrial Fund

Fund Type

Diversified Private Equity

Status

Amount

Sources

1

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