Millisecond Intelligence Control, a supplier of core components for steer-by-wire systems, has secured millions in an Angel+ funding round from Songhe Capital and Suzhou High-tech Venture Capital. Founded in April 2025, the company specializes in steer-by-wire (SBW) systems and their core electronic control components. The team, led by a co-drafter of China's national standard for steer-by-wire, has extensive experience from companies like SAIC, Nio, Huawei, and Jidu, and their SBW system has undergone over 50,000 kilometers of autonomous driving testing. AI
IMPACT Accelerates the development and adoption of steer-by-wire systems, crucial for advanced autonomous driving capabilities.
RANK_REASON Funding round for a company developing core automotive technology with significant industry implications. [lever_c_demoted from significant: ic=1 ai=0.7]
- Huawei
- Li Auto
- Millisecond Intelligence Control
- MIIT
- Nio
- Songhe Capital
- Suzhou High-tech Venture Capital
- Xpeng
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