Translator：Wang Yichun

Recently, Shanghai Landing Law Offices Xi'an Branch provided comprehensive specialized legal services for the Series B financing of Shaanxi Eucar Electronic Intelligent Technology Co., Ltd. (Eucar Intelligent Vessels), which amounted to hundreds of millions. This financing round saw participation from renowned investment entities including the AEF Great Bay Area Venture Fund managed by Gobi Great Bay Area, TianShan Capital, and Xi'an Finance among others.

 From its establishment, Eucar Intelligent Vessels has steadfastly pursued the vision of “enhancing waterways through autonomous driving,” dedicating itself to the advancement of surface autonomous driving technology. It has developed significant industry applications including autonomous environmental ships, autonomous pleasure boats, and the intelligent vessel system. Through years of swift growth, Eucar Intelligent Vessels has established distinctive competitive advantages in technology, products, market, team, and capital within the unmanned vessel sector.

This round of financing is earmarked for technological R&D, market expansion, and team enhancement, aiming to expedite the company's leadership in surface autonomous driving technology and its commercial application. Eucar aspires to emerge as a unicorn in China’s civilian unmanned vessel industry and secure its position as a frontrunner in the sector from technological innovation to commercialization.

Landing Xi'an's Lawyers Sha Yiha and Lu Hongyi played pivotal roles throughout this financing round, offering end-to-end legal services rooted in their profound expertise in private equity investment and financing. Their services spanned from proposal validation and transaction document review and amendments to negotiation and delivery facilitation.