U Power, a Chinese Smart EV technology startup, has joined hands with German multinational engineering and technology company Bosch, whereby the two companies will collaborate on intelligent vehicle board technology to support the development of U Power’s “UP Super Board.” The startup has announced the completion of a Pre-A+ round of funding, led by Bosch’s market-oriented investment platform Boyuan Capital.

This investment was the third round of financing received by U Power, since its inception five months ago and Boyuan Capital’s first investment since being established. Bosch (China) Investment Ltd EVP Xu Daquan said, “Intelligent electric vehicle development has entered a critical period with platform-level technology guidance and innovation on track to become a new focus for development. One of the key items to come out as a result of these technological advances is the integrated vehicle board that can meet both hardware and software demands for modularization and intelligence, a feature that can greatly reduce production cost and research and development time. U Power is a partner with the right research and development and manufacturing strengths to produce such a component. We are looking forward to working with U Power on furthering integrated chassis technology and supporting the development of China’s intelligent EV industry.”