Haomo.ai, a self-driving AI technology company backed by Chinese automaker Great Wall Motor (GWM), is considering a Hong Kong IPO next year. The company aims to raise $300 million to $400 million in funding and is currently in discussions with potential financial advisors regarding the IPO plan. Haomo.ai, the autonomous driving division of GWM, became independent in 2019. In December 2021, the company raised nearly RMB 1 billion ($14 million) in a Series A funding round from investors such as Meituan and GL Ventures, making it a noticeable unicorn company. In April 2022, it secured hundreds of millions of RMB in a Series A+ funding round led by Bank of China Group Investment Limited. [Jiemian, in Chinese]
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