The Dragonstone CalmCar Special Fund led the investment in the series B financing of the smart driving solution provider CalmCar in July 2020, with a pre-money valuation of RMB 1.2 billion.
Since then, we have provided the company with multi-faceted cooperation resources, and its commercialization has accelerated significantly and it achieved break-even in 2020.
We also assisted the company in its deep bonding with the world’s top automotive Tier1 parts supplier ZF, and jointly led the company’s series C financing with ZF. Its pre-money valuation was therefore raised to RMB 4 billion.
At present, CalmCar has completed the C+ round of financing, with a pre-money valuation of RMB 5.2 billion, and is preparing for the Hong Kong listing. The expected valuation is no less than 1.5 billion dollars.

CalmCar is committed to providing smart driving with core technology solutions that is underpinned by AI embedded vision system and features software and hardware R&D, production and cloud technology, along with Tier1 and OEM. It cooperates with multiple automakers to mass-produce high-speed autonomous driving, autonomous parking, and valet parking products, taking the lead in the commercialization of smart driving. Its products can also be applied to robotics, industrial vision, smart transportation, and smart security.
Its shareholders include key industry players such as SAIC, BAIC, China TransInfo Technology, China Unicom, and ZF.
Brands > 12
Loading capacity 600,000 vehicles
Expected revenue ≈700 million
Gross profit margin > 50%