Yitu Tech (EXTURING) closes nearly 100M yuan Pre-B round

Shanghai, September 21 — EXTURING (弋途科技), founded in 2023, is an innovative leader specializing in AI-native full-stack capabilities for intelligent cockpit systems and automotive AI transformation. The company has announced the completion of its Pre-B funding round, raising nearly RMB 100 million.

The round was co-led by Shanghai Semiconductor and Sands Talk Capital, with participation from Jiupai Capital and Jiangsu Jinqiao. Existing shareholder Baohe Kechuang also increased its investment. The funds will be used to accelerate the large-scale deployment of AICAR, advance the next-generation AICAR integrated with proprietary on-device models, expand multi-terminal strategic布局 and global market reach, and strengthen R&D delivery systems and high-end talent development across multiple locations.

Product Milestones

• 2024: EXTURING delivered the industry's first mass-produced in-vehicle AI agent platform.
• 2025: Launched its core product, the Xinjie AI Full-Stack System.
• 2026 (Beijing Auto Show): Unveiled Xinjie AI Full-Stack System 2.0 and a global version of its cockpit solution.
• Recent: Launched EXTURING AICAR.
• Upcoming: Release of proprietary on-device models and integrated software-hardware solutions.

Market Presence

EXTURING has served over 70% of China's top domestic automakers and major joint-venture brands. Its solutions have been mass-produced in dozens of vehicle models, with cumulative deliveries reaching the million-unit level. The company is supported by a 300+ person AI-native team covering algorithms, systems, interaction design, and engineering delivery.

Investor Commentary

Shanghai Semiconductor stated: "The EXTURING team combines top-tier AI R&D with mass-production experience in intelligent vehicle OS. With an AI-native full-stack approach, the company has built a complete technology matrix covering on-device reasoning models, travel agent clusters, generative AI interaction, and AIOS frameworks. Deep collaboration with Volcano Engine has helped solve mass-production challenges for large models in vehicles. As the industry shifts toward AI-native cockpits, EXTURING's dual expertise in AI and automotive, along with its proven mass-production capabilities, positions it to lead the AI-native cockpit sector and deliver long-term value for China's automotive intelligence."

Sands Talk Capital commented: "China's new energy vehicles lead the world, and AI-driven automotive intelligence will drive experience upgrades and paradigm shifts. EXTURING is an innovation benchmark, redefining intelligent cockpits with an AI-native approach and an end-to-end full-stack system. Its technology is advancing cockpits toward scene-aware, proactive interaction. The founding team combines forward-looking technical vision, deep industry experience, and readiness for overseas markets. We are confident in EXTURING's potential and will support its global growth through our domestic and international resources."

Jiupai Capital noted: "The automotive industry is undergoing a generational shift from 'feature phones' to 'smartphones.' AI large models are transforming cockpits from passive command-response systems to next-generation interactive systems with intent understanding and proactive service. EXTURING has consolidated model deployment, perception fusion, and scene scheduling into a sustainable AI application base. We see strong potential in the company's ability to bridge foundational model capabilities and user experience in the AI-defined vehicle era."

Jiangsu Jinqiao added: "EXTURING has a well-organized team that truly understands AI, automotive, and mass production. With nearly 20 years of deep experience at top-tier international Tier 1 suppliers and leading new energy vehicle companies, the founding team has achieved world-class performance in on-device inference efficiency, multimodal fusion accuracy, and cross-domain coordination. Their engineering strengths precisely address OEMs' competitive pain points in the 'cockpit-driving integration and full-scenario adaptive intelligence' phase. We believe EXTURING will achieve significant growth under the guidance of the '15th Five-Year Plan' policies."

Baohe Kechuang remarked: "The automotive industry is moving from the 'electrification' phase to the 'intelligence' phase. Cockpit-driving integration, cross-domain coordination, and AI capabilities are becoming core differentiators for OEMs. EXTURING focuses on these three areas, consolidating underlying computing power, operating systems, and cross-domain scheduling into complete, mass-production-ready solutions. Such a composite team is rare in the current supply chain, and we believe it has the potential to become an indispensable partner in the intelligent upgrade of China's automotive industry."

Source: Investment World (投资界)