Pegasus, a startup company that focuses on autonomous driving, has recently completed an hundred-million-RMB Angel funding which is led by Hillhouse Capital and co-investment by V-Fund, Walden International and several other investment institutions.

V-Fund invested hundreds of millions of RMB in Pegasus, becoming the second largest institutional shareholder of the company.

Pegasus 

Pegasus was founded by the world's top management and technical teams. Its team has extensive technical and industry insights in autonomous driving, vehicle-to-infrastructure, big data, as well as vast experiences in commercialization and mass production of autonomous driving products. 70% of its employees have 10+ years of automotive experience, 80% possess a Master’s degree or a PhD and 90% of the employees have been working in top tech companies, such as Tesla, Cruise, Magna, NVIDIA and Apple. Even as a startup company, Pegasus has successfully launched multiple autonomous driving products. The Angel funding will be used for the development of technology products and the expansion of the company’s market.   "I am very grateful that the board of directors of Pegasus lies their trust in me and chose me as the chairman of the board. Pegasus’s team, including the CEO, is one of the strongest and most resourceful startup team that I have ever seen in the autonomous driving field. The autonomous driving technology of Pegasus is a perfect fit for the domestic high-end GPU chips produced by Biren Technology. As the founder, chairman and CEO of Biren Technology, I will do my best to help and support the team of Pegasus while promoting the development of Biren Technology." said Zhang Wen, Chairman of Pegasus.   Pegasus’ goal is to build the world’s most advanced general platform for L4-L5 autonomous driving that focuses on the mobility and transportation sectors. Its cross-platform solutions will provide an intelligent, safe, and green travel experience for truck logistics, urban transportation, and passenger travel. Strategically, Pegasus will start form a less complicated autonomous driving scenario in the suburbs and gradually expand its implementation in logistics and daily transportation. Then the company will develop a platform for autonomous driving and a vehicle-to-infrastructure collaboration to provide autonomous driving services covering geo-fenced, semi-geo-fenced, and fully open road scenarios. Pegasus will launch autonomous driving products in cities around the world and participate in formulating the world’s leading autonomous driving standards.   Pegasus’ team is honored to be recognized and supported by many top investment institutions. Now is the time for the autonomous driving industry to achieve accelerated technological breakthrough and popularization. Autonomous driving has become a technological strategic highland that all countries will compete for. This technology will profoundly change people’s lives. We hope to create a safe, sustainable and intelligent logistics and travel experience with technology innovation. Our aim is to change people’s life styles and become the leader of intelligent transportation in China and the world.

Pegasus, a startup company that focuses on autonomous driving, has recently completed an hundred-million-RMB Angel funding which is led by Hillhouse Capital and co-investment by V-Fund, Walden International and several other investment institutions.

V-Fund invested hundreds of millions of RMB in Pegasus, becoming the second largest institutional shareholder of the company.

Pegasus 

Pegasus was founded by the world's top management and technical teams. Its team has extensive technical and industry insights in autonomous driving, vehicle-to-infrastructure, big data, as well as vast experiences in commercialization and mass production of autonomous driving products. 70% of its employees have 10+ years of automotive experience, 80% possess a Master’s degree or a PhD and 90% of the employees have been working in top tech companies, such as Tesla, Cruise, Magna, NVIDIA and Apple. Even as a startup company, Pegasus has successfully launched multiple autonomous driving products. The Angel funding will be used for the development of technology products and the expansion of the company’s market.   "I am very grateful that the board of directors of Pegasus lies their trust in me and chose me as the chairman of the board. Pegasus’s team, including the CEO, is one of the strongest and most resourceful startup team that I have ever seen in the autonomous driving field. The autonomous driving technology of Pegasus is a perfect fit for the domestic high-end GPU chips produced by Biren Technology. As the founder, chairman and CEO of Biren Technology, I will do my best to help and support the team of Pegasus while promoting the development of Biren Technology." said Zhang Wen, Chairman of Pegasus.   Pegasus’ goal is to build the world’s most advanced general platform for L4-L5 autonomous driving that focuses on the mobility and transportation sectors. Its cross-platform solutions will provide an intelligent, safe, and green travel experience for truck logistics, urban transportation, and passenger travel. Strategically, Pegasus will start form a less complicated autonomous driving scenario in the suburbs and gradually expand its implementation in logistics and daily transportation. Then the company will develop a platform for autonomous driving and a vehicle-to-infrastructure collaboration to provide autonomous driving services covering geo-fenced, semi-geo-fenced, and fully open road scenarios. Pegasus will launch autonomous driving products in cities around the world and participate in formulating the world’s leading autonomous driving standards.   Pegasus’ team is honored to be recognized and supported by many top investment institutions. Now is the time for the autonomous driving industry to achieve accelerated technological breakthrough and popularization. Autonomous driving has become a technological strategic highland that all countries will compete for. This technology will profoundly change people’s lives. We hope to create a safe, sustainable and intelligent logistics and travel experience with technology innovation. Our aim is to change people’s life styles and become the leader of intelligent transportation in China and the world.