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

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

Pmt.mt /N/Ex 131299 In addition to the investment, Bosch Ventures also announced the future unification of its brand under Bosch Ventures(previously Robert Bosch Venture Capital) to enhance its association with the Bosch Group. Apart from the brand, nothing has changed: As one of Europe’s largest corporate investors, Bosch Ventures not only provides capital, but also industry expertise for start-ups, as well as industry and manufacturing insights gained from more than 135 years of business.

RPS6U

Innovative startups in the automotive value chain

Pmt.mt /N/Ex 131299 is based on the AutoCore.OS software platform, AutoCore.ai provides middleware products for automotive customers, such as Autocore.m, a next-generation networking solution. The first AutoCore.ai software product has obtained ISO26262 ASILD product certification of the highest functional safety level. The company has reached strategic cooperation with many mainstream chip manufacturers, and its products are applied to many OEM and Tier1 production projects.

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

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

Dr. Yang Zhang, Founder and Chairman of Autocore-ai, said, “We are very pleased that our hard work and unwavering spirit have been recognized by our customers, and we are delighted 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 Venture Capital and Boyuan Capital, with Hillhouse Ventures, an old shareholder, continuing to invest.