FreeTech
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 8.4m | 9.4m | 15.2m | 17.5m | 31.0m |
% growth | - | 12 % | 62 % | 15 % | 77 % |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Seed | ||
N/A | N/A | Series A | |
N/A | N/A | Series A | |
$100m | Series A | ||
* | $100m | Series B | |
Total Funding | €182m |
Recent News about FreeTech
EditFreetech is a leading provider of intelligent driving solutions and products, specializing in advanced driver assistance systems (ADAS). The company operates in the smart driving market, focusing on creating a safer traffic environment and enhancing the driving experience through innovative technologies. Freetech serves automotive manufacturers, offering scalable and customizable ADAS solutions that meet various performance, application, and system requirements. The business model revolves around leveraging its core intellectual property and technical leadership to develop and sell ADAS and autonomous driving systems, particularly tailored to the Chinese market. Revenue is generated through the sale of these systems and related services. Freetech's unique competitive advantages include a forward-looking strategic layout, strong research and development capabilities, and efficient processes. The company also benefits from a deep understanding of the domestic automotive industry, allowing for flexible and customized collaborative development with clients and partners.
Keywords: ADAS, autonomous driving, intelligent driving, automotive, safety, innovation, scalability, customization, China market, smart driving.