the 11yearold company is looking to apply for a star board listing in shanghai by the end of this year representative imagebeijing chinese smart vehicle supplier shanghai pateo electronic equipment manufacturing co is in talks with 22 potential investors to raise 1 billion yuan 147 million before its listing on the star market a company spokesman told reuters the shanghaibased company raised 700 million yuan in its latest funding round in april at a 46 billion yuan valuation its investors include xiaomi corp dongfeng motor group and suningcom the spokesman said adding the new funding would be used for research and development advt the 11yearold company is looking to apply for a star board listing in shanghai by the end of this year pateos products include sensors for autonomous driving as well as intelligent incar software its clients include volkswagen ag faw group and dongfeng motor as the global auto industry pursues an electric and intelligent future chinese automakers and tech companies are developing technologies to make vehicles more connected and autonomous china said last year it hopes intelligent vehicles account for 30 of all new sales by 2035 bloomberg reported the fundraising on tuesday reuters published on sep 30 2020 at 1120 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app pateo electric equipment manufacturing co fundraising intelligent incar software auto technology autonomous driving homenewsauto technologychinese smart car supplier pateo in talks to raise 147 million