Watson Rally Raises Tens of Millions RMB from Leading Investors

from:微信公众号文章 time:2023-12-05 classify:Company News
Watson Rally has completed both Angel and Angel+ funding rounds, with the Angel round co-invested by Xiaomi Strategic Investment and Shunwei Capital.

Watson Rally Raises Tens of Millions in Angel+ Funding


Since its founding in August 2022, Watson Rally has completed two funding rounds, demonstrating strong investor confidence. The Angel round was co-led by Xiaomi Strategic Investment and Shunwei Capital. The Angel+ round raised tens of millions of RMB, with participation from K2VC, CrystalStream Capital, Cherish Capital. Xiaomi Strategic Investment and Shunwei Capital also increased their investment in this round.


Watson Rally: A Leading EMB Supplier in China


Watson Rally focuses on developing intelligent wire-controlled braking systems for automotive chassis. The company has designed and prototyped a full range of EMB products for passenger vehicles, achieving over 80% tooling readiness. It has completed performance and durability tests, prototype installations, and established collaborations with leading industry clients.


With the rise of electrification and intelligent technologies, EMB is gaining attention as a next-generation solution. It offers advantages such as fast response, simplified structure, hardware-software decoupling, and energy efficiency. Estimates suggest that China's EMB market could reach RMB 30 billion, driven by new energy vehicle sales and increasing adoption rates. Global OEMs and Tier 1 suppliers are actively advancing EMB deployment, signaling imminent market growth.


Watson Rally combines expertise in brake module design, system integration, and full vehicle braking solutions. Its ability to innovate from the ground up and seamlessly integrate hardware and software positions it to meet the demands of domestic OEMs for advanced, reliable, and scalable technologies.


Global Expertise with Local Strength


Watson Rally’s founding team brings over 20 years of experience in brake system development and manufacturing. Having led projects at Delphi’s Shanghai operations and U.S. headquarters, they were pioneers in EMB product development in China.


he core team has a strong track record of collaboration, with over 15 years of experience working together at leading global and domestic companies. They excel in full-cycle R&D and have delivered brake products that meet international standards and are sold globally in high volumes. The team also successfully built a brake manufacturing business at a local publicly listed company, scaling it from scratch to an annual output of millions of units.


In the rapidly evolving EMB market, where global and domestic players compete on equal footing, Watson Rally combines international expertise with local adaptability. This positions the company to serve domestic clients effectively while capitalizing on opportunities to expand into broader global markets as China's automotive industry continues to rise.


Supported by Renowned Investment Firms and Industry Capital


Xiaomi Strategic Investment:EMB is a brand new technology with no direct reference from international companies, making the team’s advanced design capabilities particularly critical. Watson Rally has demonstrated exceptional design concepts, product solutions, and rapid iteration. We are confident in the team’s ability to push EMB technology forward and achieve SOP in China ahead of the rest of the world.


Shunwei Capital, Partner Mr. Cheng Tian: At Shunwei, we firmly believe in the power of technological innovation and visionary entrepreneurs. Watson Rally has its competitive advantage in its proprietary manufacturing process system and innovative braking technology. Watson Rally’s wired braking system responds quicker and has higher safety level. The system improves performance and mileage range of NEVs. As the wired braking system accelerates its penetration in the NEV sector, Watson Rally is poised to seize opportunities and become an industry leader.


K2VC, Managing Partner Mr. Zhao Yang: With the rising penetrating rate of electric vehicle, the growth of China's automotive supply chain is a firm trend. K2VC continues to focus on the innovative opportunities arising from this structural transformation. As the demand for faster response and enhanced safety in driving control grows, EMB emerges as the key technology to meet these needs. We believe Jason and his team, with their abundant industry expertise and experience, will drive EMB development and collaborate with automakers and suppliers to offer consumers a safer, more comfortable driving experience.


CrystalStream Capital, Investment Manager Mr. Pu Zhi: CrystalStream has been closely following the progress of next-generation smart car technologies. We believe EMB is the next-gen solution for automotive braking, improving performance while reducing space and costs, and meeting future hardware-software decoupling needs. Shanghai Watson Rally has captured the opportunity driven by the evolution of EMB technology. With an experienced team in brake system development and industrialization, they have successfully entered the EMB market. The company excels in mass production, R&D, customer development, and supply chain management. Its unique comprehensive capabilities make it a top investment target in the EMB field.


Cherish Capital: With the trend of automotive intelligence, upgrading automotive electronics and the integration of chassis systems is inevitable, and EMB is a crucial part of that. Watson Rally’s team has rare expertise and strong strategic execution capabilities. We look forward to Watson Rally providing valuable solutions to industry clients.




Source: Watson Rally WeChat Official Account