On June 30th, Shanghai Enjoy Move Tech announced the completion of nearly 100 million yuan in Series B2 financing. This round of financing was led by VFund, with follow-on investments from Chifortune Venture Capital and Glen & Vale Fund. The proceeds will be primarily used for product development and talent recruitment. This is the second round of financing that Enjoy Move Tech has secured within a year following its Series B1 financing, demonstrating strong recognition from the capital market.
Founded in 2018, Enjoy Move Tech is dedicated to the research, development, and services of high-performance computing software platforms and autonomous driving software for intelligent vehicles. Our core technologies are intelligent driving application-level operating systems and embedded artificial intelligence.
Enjoy Move Tech's independently developed high-performance computing software platform, EMOS, is a vehicle-oriented middleware platform designed for autonomous driving and central computing. EMOS supports heterogeneous, multi-chip, high-performance computing and provides whole-vehicle global time synchronization, global task scheduling, and various system services. It is compatible with AUTOSAR AP and can adapt to multiple underlying operating systems and IC platforms. The core modules of EMOS have obtained the highest level of ASIL D product certification from TÜV SÜD.
In the realm of intelligent driving applications, Enjoy Move Tech's fully self-developed low-speed autonomous driving algorithm, EM-Parking System, offers exceptional parking experiences with features like stereoscopic garage parking and trailer parking. The system boasts low computational requirements, compatibility with mainstream chip platforms, and the ability to achieve mass production within as little as three months, enabling manufacturers to rapidly deploy autonomous driving solutions.
Intelligent driving software and domain controller solutions equipped with EMOS have been successfully mass-produced and launched in multiple models from leading automakers such as Li Auto, SAIC, Neta, and Great Wall. As one of the few global providers of cross-domain (multi-domain fusion) high-performance computing software platforms, Enjoy Move Tech has established strategic partnerships with numerous domestic and international automakers, chip manufacturers, operating system companies, and algorithm companies.
"We are entering an era defined by software, and artificial intelligence is accelerating this process. With the rapid development of new energy vehicles, electrification, and intelligence, the evolution of electronic and electrical architectures is becoming a trend, and software-defined vehicles are an unstoppable force. Automotive software will become an increasingly important automotive component. As a foundational automotive platform software, automotive middleware plays a pivotal role in decoupling automotive software and hardware and realizing software-defined vehicles. Its importance and value will significantly increase. Enjoy Move Tech, as one of the earliest domestic companies focused on automotive middleware product development, has grown into a leading supplier of automotive middleware after years of development. The company has deep technological accumulation, high product maturity, and has formed a complete platform-level product matrix, gaining widespread industry recognition. Its commercialization progress and the establishment of a cooperative ecosystem are far ahead of other competitors. The company's founding team is highly focused, resilient, and has a unique vision. They are a rare entrepreneurial team with both rich industry experience and entrepreneurial spirit. Yunhui Capital has long been focused on investing in the new automotive sector. We are honored to participate in this round of financing for Enjoy Move Tech and contribute to the development of China's automotive software."
"With the development of automotive intelligence, the electronic and electrical architecture is evolving from distributed to centralized, and deep software and hardware decoupling is particularly important. Automotive software middleware is the core and necessary link to realize software and hardware decoupling, and it has a vast market space. Enjoy Move Tech, with automotive middleware as its core product, has achieved mass production projects with many well-known automakers based on its technological advantages and experience accumulation, and its commercial progress is leading. It is an extremely rare and high-quality investment target in the industry. As an investment institution focused on the new energy vehicle sector, Zipeng Capital deeply recognizes the team's capabilities and development direction of Enjoy Move Tech, and will also continuously connect resources for the company in the upstream and downstream of the industry chain, provide in-depth empowerment, and win-win together, helping Enjoy Move Tech become a leading enterprise in automotive basic software."
"Software-defined vehicles are an industry consensus and a trend in industrial development. With the rapid evolution of electronic and electrical architectures and the rapid increase in the complexity of software and application systems, the importance of middleware is becoming increasingly prominent. Enjoy Move Tech is one of the earliest domestic companies focused on autonomous driving middleware. It has a very professional and pragmatic management team, and together with its upstream and downstream industry chain partners, it has built a deep industry barrier and has obtained product verification from many leading automakers' best-selling models. We are very honored to be able to participate in this round of financing, and we believe that Enjoy Move Tech can contribute to the continuous rapid development of China's automotive industry."
"Operating systems/middleware are the new "automotive chassis" for intelligent vehicles, and automatic parking is a must-have application function for car owners. We believe that a specialized division of labor in the ecosystem will be the cornerstone of the healthy development of the new automotive industry. Enjoy Move Tech has been cultivating the automotive software field for five years, and we are very honored to receive the continuous recognition of many well-known first-line industrial and financial investment institutions. We will firmly grasp the opportunity of the rapid global development of automotive software and strive to become a new leader in global automotive software!"
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