G-PAL secures strategic investment from Bosch’s Boyuan Capital
The automotive supply chain is undergoing a significant transformation to meet market demand for smarter vehicles and relevant self-driving technologies. Consolidation and merger of the industry become the main themes of current and future development of automobile industry.
As the world’s leading automotive parts supplier, the Bosch Group has continued to cultivate the autonomous driving ecosystem with a global perspective in recent years, with a focus on building a strategic portfolio in China Marlet. Founded in 2021, Boyuan Capital is an investment platform established by the Bosch Group that focuses on China deep science and technology sector. Boyuan Capital’s primary investment focus includes sustainable transportation, smart manufacturing, Internet of Things, artificial intelligence, semiconductors, and carbon neutral technologies. Leveraging Bosch’s global business network and R&D resources, Boyuan Capital is able to bring critical strategic value to China local high-tech industry. At present, Boyuan is focusing on growth-stage investment opportunities.
As a member of autonomous driving industry chain, G-PAL provides hardware and software integrated systems for L2-L4 based on machine perception and deep learning, which can meet the requirements of “low-budget, all-weather, reliable, mass production-oriented “self-driving”. Facing increasingly complex traffic environments and personalized self-driving needs, G-PAL always believes that future driving solutions autonomous must be diversified and industry cooperation is the best way to achieve this.At present, G-PAL is working hard to build an innovative ecology of “R&D, production, test and application” for driving autonomous, forming an industrial cluster of chips, software, system, test and application.
dr. Yudong ChenPresident of Bosch China, said, “Bosch China is optimistic about the first-mover advantage in the local market and the strong acceptance of autonomous driving and continues to invest in key technologies. Through Boyuan Capital, we are able to flexibly invest in up-ups and support their rapid growth and technology implementation. With G-PAL, Bosch China will better meet market demand for smart driving and contribute to smart mobility and its ecosystem together.
Zhu LinManaging Partner and CEO of Boyuan Capital, said, “MMW radar is one of the leading sensors for smart vehicles. Looking at the product iterations and technology paths of the world’s leading MMW radar manufacturers, the direction of evolution is MMW 4D Imaging Radar. It retains the all-weather detection characteristics of traditional radar, while being able to detect stationary objects and output high-density point cloud data, making it ideal for multi-sensor fusion solutions in autonomous driving. L3/L4. a crucial tool for autonomous driving safety redundancy.G-PAL has been committed to building the industry’s first automotive-grade MMW 4D imaging radar since its inception.With multi fusion decision algorithms -sensors and software and hardware integration capabilities, low-cost mature products are marketed and highly recognized by major OEMs. G-PAL is expected to become the leading MMW 4D imaging radar company in China in the future.”
Dan XueCEO of G-PAL, said, “As a local self-driving solutions company in China, G-PAL is honored to cooperate with Bosch Group both in capital and business. With a solid foundation and in-depth knowledge of industry and technology ecology, Boyuan Capital can give partner companies a global perspective. The accumulation of Bosch Group technologies in the field of autonomous driving can help partners accelerate their growth. In the future, we will use the technological advantages and green building capabilities of G-PAL to contribute to the in-depth development of autonomous driving with the Bosch Group, creating value for China local high-tech industry while providing more affordable and reliable travel security to consumers around the world. »
It’s become a consensus in the industry today to match different levels of autonomous driving with different use cases. At the center of Bosch Group research and development, Bosch Autonomous Driving implements a “dual strategy” of parallel assisted driving and self-driving technologies to meet the different “scenario-based” needs of car manufacturers. . Bosch’s “dual strategy” aligns with G-PAL’s vision of pursuing various autonomous driving solutions. With the completion of this strategic investment round, G-PAL will cooperate with Bosch at the capital and enterprise level based on the benefits of both parties. The collaboration will continue to develop the industry ecosystem and accelerate the commercialization and mass production of autonomous vehicles.
Founded in October 2018G-PAL is a high-tech enterprise integrating the R&D, manufacturing, sales and green construction of autonomous driving software and hardware products, uniting technical experts and first-class teams in the fields of automotive sensors and autonomous driving at home and abroad.
Since its inception, the company has innovatively used MMW 4D imaging radars as primary sensors, combined with visual, LWIR and other sensors to create an all-weather pixel-level fusion detection system. Based on this, G-PAL develops a comprehensive autonomous driving system software that integrates sensing, decision making, planning and control and can provide an integrated system and total solution for L2 autonomous driving software and hardware. -L4 based on machine perception and deep learning.
Previously, G-PAL has done Angel and Pre-A fundraising rounds. Investors include ARM China, Silergy Corp, Glory Ventures, XinYuYiHe Ventures, Matrix Partners China, Hubei Xiaomi Changjiang Fund, Baidu Ventures, Puhua Capital and many other well-known investment institutions.