FutureMove closed 100 million RMB Series A Round of Financing

FutureMove 2017-07-25

(December 14th, 2016, Beijing) FutureMove Automotive Co. (hereafter referred to as “FutureMove”), a leading Connected Vehicle Digital and Mobility Service company in China, today announced it has closed an 100 million RMB Series A round of financing. This financing was led by Photon Fund with Bojia Investment and Kingdom Capital.

FutureMove will consistently uphold the vision that ‘Smart Vehicle as Service’ and persist in positioning our company as DMSP (Digital and Mobility Service Provider).” Said John Wang, CEO and the founder of FutureMove, “with this successful founding, it will facilitate our strategic deployment in vehicle connectivity, intelligence, Mobility and other related fields. And it will allow our strategic expansion more aggressively.”

图片 1.png

FutureMove Automotive was established in 2015. It is a high-tech company focusing on providing the service, operation and solutions to Connected Vehicle and Mobility industry. Its main business scope including: Platform and technology service; In-vehicle-mounted hardware product; Mobility Service; and TSP operation.   It commits to provide seamless and one-stop services to OEMs and industrial partners. The services including platform and app development, EV monitoring, CP/SP aggregator, in-vehicle solution, vehicle big data, vehicle e-commerce, and cyber security solution etc. As an innovation company, FutureMove has also been devoted in the R&D of the next generation HMI and context awareness system.

Photon Fund is the leading investor of this round of funding. It’s the Venture Capital focusing on the high-tech and innovation industry. “Connected Vehicle will have a revolutionary reformation in the next 5 years and it will be the focal breakpoint of IoT. FutureMove, as the leading company of the Connected Vehicle field, who will continue leading the entire industry to move forward.” Said by Mr. Wang Wei, the co-founder of Photon Fund.

DFD Investment is an affiliation of Do-Fluoride New Energy Group. As the co-investor of this round of funding, it does not only bring the financial investment, but also the strategic resources. The New Energy vehicle business of Do-Fluoride is corresponding to FutureMove’s strategic deployment in the Digital and Mobility segments. “This cooperation is mutual benefited by both companies strategically. We will have a big movement in near future.” Said by the Chairman of Bojia, Ms. Li Lingyun.

Kingdom Capital is managing a fund of 8 billion RMB. “We have done tremendous research and due diligence in this industry. And we believe FutureMove has the biggest potential and will be the dark horse in this industry.” Said by Mr. Jin Xiaoqi, the managing partner of Kingdom Capital.

In November 2015, FutureMove had obtained a Pre A financing from VIE, the leading auto components providers in China. Currently, FutureMove has delivered 12 OEM-clients successfully including global leading OEMs, State-owned OEMs, JV, new auto makers and car renting companies in TSP, EV monitoring platform and operation, T-box and Mobility services.