Robert Bosch Venture Capital invests in AutoAI

About RBVC GmbH

Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models as well as new materials that are relevant to the above-mentioned areas of business.

Additional information is available at www.rbvc.com

About AutoAI
AUTOAI Co., Ltd., founded in April 2018, is the developer and operator of intelligent connected vehicle service (CVS) for the new generation of autonomous vehicles. AUTOAI is established as a separately run subsidiary of Navinfo Co., Ltd. (stock code: 002405) and is invested by world-class internet enterprises and prominent investors. AUTOAI has gathered leaders and outstanding talents from various sectors of the industry to provide technological development, product development and service operations of intelligent navigation, CVS content, intelligent OS and solutions, CVS big data and operations.

Based on the core mission of “Making Auto Intelligence Easier”, AUTOAI has set up bases for front-end R&D and operations with a total of nearly 1,000 employees in Beijing, Shanghai, Shenzhen, Dalian and Shenyang. By taking advantage of the professional team and the strategic resources from investors, and adhering to the development ideology of “concentrating resources, build on advantages, open cooperation and collaboratively sharing the economy”, AUTOAI will work jointly with automobile manufacturers, industry customers and ecosystem partners in the development of the next generation of autonomous driving, bring further cutting-edge technologies, leading products, ultimate experience and compassionate service to more partners, and aim to become an innovator and leader in the intelligent CVS industry.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,000 associates worldwide (as of December 31, 2017). The company generated sales of 78.1 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.

As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 125 locations across the globe, Bosch employs some 64,500 associates in research and development.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.