(Yicai) April 23 -- Haomo.AI, a Chinese autonomous driving startup backed by Great Wall Motor, has secured CNY300 million (USD41.4 million) in its Series B2 round of funding two months after finishing the B1 round.

Existing investor JZ Capital and the government of Changxing in Zhejiang province joined the B2 round and the proceeds will be spent on coming up with solutions that can be mass-produced, the Beijing-based company said in a press release today.

The developer of advanced driver-assistance systems has garnered more than CNY400 million so far this year as it raised more than CNY100 million in its Series B1 round from Chengdu Wufa Private Equity Fund Management, an investment arm of Chengdu's Wuhou district, to enhance its research and development and support the district to develop robots.

"We will continue to invest in large language models, big computing power, big data research, and develop cognitive products in-house to ensure a solid technological foundation for Haomo," said Chief Executive Gu Weihao.

Founded in 2019, Haomo unveiled three ADAS kits last year, priced between CNY3,000 and CNY8,900 (USD414 and USD1,228). More than 20 vehicle models on the market feature these products, covering a distance of nearly 140 million kilometers in China, it added.

Haomo runs a fleet of level-4 autonomous vans which delivered nearly 300,000 grocery orders for supermarkets in Beijing as of February, the startup said earlier.

Editor: Emmi Laine