Yunqi Capital Leads Over 100 Million RMB Series A+ Round in Yitu Technology: AI Rewrites the Smart Cockpit | Yunqi Portfolio --- We are excited to announce that **Yitu Technology** has completed an over 100 million RMB Series A+ funding round, jointly led by **Yunqi Capital** and an automotive industry fund, with participation from existing shareholders. This marks another important milestone in Yitu's rapid development. Founded in 2023, Yitu Technology is an AI-native company focused on the automotive sector. The founding team brings together top talent from both the automotive and AI industries, with members hailing from companies such as **Li Auto**, **Baidu**, **Bosch**, **Huawei**, and **ByteDance**. The company is dedicated to building intelligent cockpit solutions driven by large language models (LLMs), offering automakers next-generation human-vehicle interaction experiences. The smart cockpit is undergoing a fundamental transformation. Traditional "screen-stacking" approaches are giving way to AI-driven, conversational interfaces. Yitu's products center on LLM-powered intelligent agents that enable natural language control of vehicle functions, proactive service recommendations, and personalized user experiences — effectively turning the car into a truly intelligent mobile space. "Automotive intelligence has entered the LLM era," said **

As cars evolve from "mobility tools" to "intelligent terminals," AI is reconstructing the underlying logic of in-vehicle interaction and whole-vehicle intelligence.

On April 21, EXTURING, an AI-native smart cockpit leader and an early Yunqi Capital portfolio company, announced the completion of an A+ round exceeding RMB 100 million. As a long-term investor, Yunqi Capital led this round. This edition of "Yunqi Partners" brings you the details.

Chen Yu

Managing Partner, Yunqi Capital

The next-generation smart cockpit, as the critical entry point for large models to enter vehicles, has continuously proven its strategic value. EXTURING not only engages in deep joint R&D with leading AI platforms like Volcano Engine and achieves mass production deployment across multiple OEM projects, but has also made key breakthroughs in AI-native cockpit OS — forming a rare dual advantage in both technology and industry through its holistic understanding of AI automotiveization and engineering capabilities. We look forward to EXTURING growing into a platform company connecting large models with whole-vehicle systems, pushing automotive intelligence from feature upgrades toward systematic evolution.

The following is adapted from "EXTURING"

On April 21, EXTURING, a leader in AI-native smart cockpits, announced the completion of an A+ round exceeding RMB 100 million. This round was led by existing shareholder Yunqi Capital, with SAIF Partners joining as a strategic investor, and full follow-on participation from Yijun Capital and Dening Capital — fully demonstrating capital markets' strong recognition of the company's technical moat, mass production capabilities, and commercialization speed.

Currently, AI is driving cars to become a new generation of intelligent terminals with perception and decision-making capabilities, while Chinese smart vehicle technology accelerates its global expansion. Leveraging the 2026 Beijing International Auto Show, EXTURING will release its global AI cockpit solution and simultaneously showcase core technical achievements from its MindAI full-stack system 2.0. During this auto show, multiple mass-production models equipped with its self-developed products and technologies will make their collective debut, allowing industry partners to witness and experience cutting-edge成果 on-site.

As long-term institutional investors in EXTURING, Yunqi Capital, Yijun Capital, and Dening Capital have continued to increase their stakes across multiple consecutive rounds, supporting the company's journey from early-stage R&D to scaled mass production. This fully reflects their firm confidence in EXTURING's technical roadmap, team execution, and industrial落地 capabilities, and underscores the company's already-unreplicable core competitiveness in the "AI + automotive" track.

EXTURING consistently centers on AI-native technology, focused on building the next generation of AI-native smart cockpits and achieving deep extension from interactive experience to whole-vehicle intelligence. The company currently serves over 70% of mainstream OEMs with scaled mass production deployment, and its customer matrix continues to expand — possessing strong differentiated competitiveness and market expansion potential.

Proceeds from this round will focus on three directions: first, continued investment in MindAI full-stack system and edge-cloud integrated technology R&D to solidify the technical foundation and consolidate core advantages; second, advancing the layout of R&D and delivery centers across multiple domestic locations while strengthening high-end talent梯队建设 to comprehensively enhance R&D innovation capabilities and scaled delivery efficiency; third, accelerating breakthroughs in frontier technologies such as one-brain-multi-end and new scenario deployment to expand technical boundaries and seize the commanding heights of next-generation innovation.

Going forward, we look forward to EXTURING taking technological innovation as its core and mass production落地 as its foundation, continuously strengthening its moat in the in-vehicle AI domain, accelerating global expansion and industrial ecosystem development, and working with industry partners to jointly lead the transformation and development of the AI automotive era.