Qiang Shu, Founder of TONGYU AUTOMOTIVE

About Qiang Shu

Qiang Shu is the founder and chairman of TONGYU AUTOMOTIVE, a Chinese developer of intelligent driving systems that focuses on research, development, and industrialization of next-generation wire-controlled chassis key technologies. The company successfully raised nearly 200 million yuan ($29.3 million) in its A+ financing round in August 2022. TONGYU AUTOMOTIVE's intelligent braking systems have been validated on a large scale by passenger vehicles, commercial vehicles, and unmanned vehicles, with sales exceeding 120 million yuan in 2021.

Qiang Shu at a glance

• Company: TONGYU AUTOMOTIVE
• Total raised: $101M
• Latest round: Series A
• Investors: Hubei Xiaomi Yangtze River Industry Investment Fund, Dongfeng BOCOM Yuanjing Motor Fund, Shanghai Anting Industrial Development Co., Ltd., Jinbang Capital, Genesis Capital Group Limited, Ruomu Capital
• Location: Shanghai, China

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