Startup Fundraising

Former Huawei Employee Starts a Steer-by-Wire Chassis Business, Co-authored National Standards, Secures Investment from Songhe and Suzhou High-tech

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Alvaro de la Maza

Partner at Aninver

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Key Takeaways

  • 毫秒智控 raised $6.9M from 松禾资本, 苏高新融晟, 厚雪资本.
  • Sector: Technology, Software & Gaming, Green Mobility.
  • Geography: China.

Analysis

  • Millisecond Intelligence Control, a supplier of core components for steer-by-wire chassis, has completed an Angel+ funding round of tens of millions of RMB.
  • The company was founded in April 2025 and focuses on the R&D and production of steer-by-wire (SBW) systems and core electronic control components.
  • The founder and CEO, Li Jie, was a co-leader in revising the national standard for steer-by-wire systems and has extensive experience in the automotive industry.
  • The steer-by-wire market is expected to see significant growth, with penetration predicted to reach 5% in 2026 and over 30% by 2030.
  • Millisecond Intelligence Control is focusing on the mass production of its 'Intelligent Control Module (PPK)', the most technically challenging part of SBW and R-EPS systems.