Stuttgart, Germany – Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, has completed an investment in Beijing based UISEE, a provider of turnkey solutions for automated driving (AD), initially in restricted areas. Its AD tractors have started to get operational and transport freights of thousands of passengers daily at an international airport. “As one of the leading automated driving companies in China, UISEE provides an advanced Level 4 automated driving platform that addresses the need of efficiency improvement”, says Dr. Ingo Ramesohl, Managing Director at RBVC. “UISEE adds to a growing RBVC portfolio of proprietary technologies for automated driving and enables a variety of cooperation opportunities with Bosch in this area.” “We are excited to be supported by Bosch,” says UISEE CEO Gansha Wu. “The investment and cooperation with Bosch will support UISEE to elevate products and services and serve customers globally.”
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 that are relevant to the above-mentioned areas of business. Furthermore, RBVC enables co-innovation between Bosch and startup through the Open Bosch Program.
Additional information is available at www.rbvc.com
About UISEE Technologies Ltd.
Founded in 2016 and headquartered in Beijing, China, UISEE focuses on creating future-oriented mobility and logistics solutions with AI driving, reshaping the way we live by enabling utility, inclusive, safe experiences and efficient, eco-friendly city life style.
www.uisee.com
The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. 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 facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. 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 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 are software engineers.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress.
