南通学霸带队，英特尔+复旦天团颠覆机场，打造全国首个无人摆渡系统，即将IPO

Core Viewpoint - Yushi Technology (Beijing) Co., Ltd. has submitted its prospectus to the Hong Kong Stock Exchange for an IPO, becoming the 10th specialized technology company to list under the 18C rule, focusing on L4 autonomous driving solutions [3][4]. Company Overview - Founded in 2016, Yushi Technology specializes in L4 level autonomous driving solutions, emphasizing true unmanned and all-scenario technology [3]. - The founding team includes three former Intel employees and three alumni from Fudan University, creating a unique "Intel + Fudan" entrepreneurial background [3][9]. - The company has attracted a prestigious group of investors, including Geling Deep Vision, Zhongke Chuangxing, and Bosch Venture Capital [3][15]. Business Model and Achievements - Yushi Technology aims to achieve "zero accidents" and "zero traffic congestion" by 2031, with a focus on reducing urban space for vehicles and logistics costs [10]. - The company launched its first autonomous vehicle concept, the "Urban Mobility Cabin," within ten months of its establishment, winning the German Red Dot Design Award [10]. - Yushi Technology has shifted its strategy to provide autonomous driving capabilities to traditional car manufacturers rather than manufacturing vehicles itself [11]. Market Position and Financial Performance - As of 2024, Yushi Technology holds a 91.7% market share in the L4 autonomous driving solutions for commercial vehicles in airport scenarios in Greater China, and a 45.1% share in factory scenarios [26]. - The company reported revenue growth from 65.5 million RMB in 2022 to 161 million RMB in 2023, with projections of 266 million RMB in 2024, reflecting a compound annual growth rate of 101.3% [25]. - Despite revenue growth, the company continues to face losses, with net losses decreasing from 250 million RMB in 2022 to 213 million RMB in 2023 [29]. Investment and Funding - Yushi Technology has completed six rounds of financing since its inception, raising over 1.75 billion RMB, with notable investors including Geling Deep Vision and Bosch Venture Capital [16][22]. - The latest funding round in March 2023 raised 300 million RMB, valuing the company at 7.3 billion RMB, officially making it a unicorn in the autonomous driving sector [22]. Future Plans - The company plans to extend its autonomous driving capabilities into humanoid robotics, integrating navigation and interaction systems to expand its technology reach [30]. - Proceeds from the IPO will be used to enhance R&D capabilities, expand domestic and international business, and improve commercialization efforts [30].