SAIC Capital invests in CalmCar

SAIC Capital invests in CalmCar

CalmCar, a Chinese provider of intelligent vehicle assistance systems, announced today that it has raised approximately US$14.1 million in an A2 Series financing round.

 (Bild: CalmCar Vision Systems LLC)
(Image: CalmCar Vision Systems LLC)

The investors are SAIC Capital, an investment subsidiary of the Chinese automobile manufacturer SAIC Motor, and the Beijing Connected Vehicles Development Fund.