On October 24, Beijing time, Horizon Robotics successfully debuted on the Main Board of the Hong Kong Stock Exchange under the stock code 9660.HK. ZhenFund first invested in Horizon Robotics in its angel round in September 2015 and continued its backing in the Series A round in July 2016. This marks ZhenFund’s sixth IPO this year, following Mobvoi, XtalPi, Victory Securities, Zhichong Technology, and Newrank.

Founded in 2015, Horizon Robotics is a market-leading provider of advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions for passenger vehicles. The company’s solutions integrate cutting-edge algorithms, proprietary software, and advanced processing hardware to deliver core technologies for intelligent driving, enhancing both safety and user experience. With its large-scale mass production deployments, Horizon Robotics has become a key enabler in the commercialization and transformation of smart vehicles.

ZhenFund’s Founding Partner & CEO, Anna Fang, reflected on the firm’s early investment in Horizon Robotics: “Investing in Horizon Robotics is one of ZhenFund’s most serendipitous ‘finding the right people’ stories. It all started with a chance encounter. At the time, Xiaoping Xu, one of ZhenFund’s founding partners, was a donor for the Future Science Prize, and we were invited to visit the committee’s office. That’s when we met Kai Yu.

Kai is not only a top-tier scientist but also an exceptional entrepreneur. From that fateful meeting in 2015 to his decision to leave Baidu and start Horizon Robotics, we backed him through both the angel and Series A rounds, witnessing his journey in building a world-class team, pioneering deep learning applications in China, and achieving remarkable milestones.

At ZhenFund, we have always believed in the philosophy of investing in people. We are constantly on the lookout for outstanding founders and companies that will change the world. The next great investment opportunity could come from anywhere.”

We extend our heartfelt congratulations to Horizon Robotics for its outstanding achievements in the intelligent driving industry! ZhenFund remains committed to its “Tech Angel” investment strategy, staying true to its founder-first approach. We look forward to resonating with more visionary entrepreneurs who share our passion for technological innovation, walking alongside them on their journey.

Congratulations again, Horizon Robotics!