GAC Group led a $152m Series A funding round in Ruqi Travel.

GAC Group, a Chinese state-owned automobile manufacturer, led a $152m Series A funding round in Ruqi Travel, an intelligent mobile travel platform, with participation Pony.ai, WeRide, SPARX, Ruisheng Asia, Guangzhou Industrial Investment Group, Lingnan Business Travel Group and Industrial Control Capital. "In the past, the industry focused on improving system algorithm capabilities and bicycle hardware levels, but with the development of technology, the focus has shifted to autonomous driving operation technology," Jiang Hua, Ruqi Travel CEO.