• Bosch Ventures invests for the first time in a Chinese automotive middleware company
• The next generation of automotive middleware is entering mass production
• Bosch Ventures has unified its global brands into Bosch Ventures

PM863K02 Stuttgart, Germany, and Shanghai, China – More than ever, software engineering is driving innovation in the automotive sector. A core driver of this trend is the decoupling of hardware and software through a new generation of automotive middleware products, which are now accelerating into automotive mass production. Robert Bosch Ventures, the corporate venture capital entity of the Bosch Group (” Bosch Ventures “), has completed its investment in AutoCore.ai. Founded in 2018, AutoCore.ai has evolved into a leading provider of high-performance automotive middleware, with significant growth over the past few years in terms of business progress, customer base, products and capabilities.

In addition to this investment, Bosch Ventures also announced the future unification of its brand under Bosch Ventures(previously Robert Bosch Venture Capital) to strengthen its ties with the Bosch Group. Apart from the brand, nothing has changed: As one of the largest corporate PM863K02 investors in Europe, Bosch Ventures not only provides capital, but also industry expert support for start-ups, as well as industry and manufacturing insights gained from more than 135 years of business activities.

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Innovative startups in the automotive value chain

Based on the AutoCore.OS software platform, AutoCore.ai offers middleware products to automotive customers, such as the next generation network solution Autocore.m. The first AutoCore.ai software product has received the ISO26262 ASILD product certification, the highest functional safety level. The company has reached strategic cooperation with a number of mainstream chip manufacturers, and the products are applied to a number of OEM and Tier1 mass production projects.

AutoCore.ai will also leverage opportunities with Bosch entities and partners to strategically benefit from Bosch’s strong software-defined automotive network and community.

“We believe that AutoCore.ai will represent outstanding innovative enterprises in China and become a highly sought after expert in the international automotive supply chain.” Bosch Venture partner Dr. Jiang Hongquan said.

Dr. Yang Zhang, Founder and Chairman of AutoCore-ai, PM863K02 said, “We are delighted that our hard work and unwavering spirit have been recognized by our customers and that Bosch Ventures has joined us on this journey. We look forward to working closely together on the global stage in the future.”

The investment was led by Bosch Ventures and Boyuan Capital, and the old shareholder Hillhouse Ventures (GL Ventures) continued to invest.