Shangyuan Zhixing completes nearly 100 million yuan Series A financing to accelerate the construction of its autonomous driving ecosystem.
On October 31st, Shangyuan Zhixing completed a Series A financing round of nearly 100 million yuan, led by Furong Investment with participation from Xichuang Capital. The funds will be used to advance the generational upgrade of its intelligent skateboard chassis and build an open, full-stack autonomous driving ecosystem platform, accelerating its next phase of growth.
As a leader in intelligent skateboard chassis technology, Shangyuan Zhixing has become a key partner for major autonomous vehicle companies due to its drive-by-wire core components and end-to-end autonomous solutions. The company is now transitioning from being a "core technology foundation" to a "full-stack scenario empowerment platform," enabling rapid deployment of L4 autonomy across industries.

Founder and CEO Feng Shu emphasizes that the next decade in autonomous driving will belong to scenario operators—those with rich, closed-loop real-world use cases. To meet this demand, Shangyuan Zhixing is launching a range of Class I–III chassis modules, allowing customers to "build vehicles with one click," enabling algorithm teams to focus on software and operational partners to scale efficiently.
The company has already delivered over 7,000 intelligent chassis and achieved more than 35 million kilometers of L4 autonomous driving mileage, solidifying its position as a leader in the field.
Wang Guodong from Xi'an Venture Capital highlights that unmanned urban logistics is a fast-growing segment in low-speed L4 autonomy, where Shangyuan Zhixing's "ultimate performance + ultimate delivery" model has established it as a de facto benchmark. He praises the team’s strong strategy and engineering execution.
With its end-to-end capabilities, Shangyuan Intelligent Mobility is positioned to act as a foundational force in scaling L4 autonomous driving from pilot projects to full-domain real-world applications—driving industry-wide leapfrog development.


