CalmCar

Self-driving startup CalmCar closes $150 million Series C funding round

CalmCar, a Chinese startup self-driving technology provider, announced on July 22 that it closed a Series C round of funding of approximately $150 million and plans to launch an IPO in 2022.

German auto parts maker ZF Group partners with Chinese startup to tap into local smart driving market

ZF will also take a stake in CalmCar, although the amount of the investment was not disclosed. This is the first time ZF has invested in a local Chinese technology start-up.