On September 9, Fermo Technology announced the completion of a seed round of nearly 100 million US dollars. This round of financing was led by IDG Capital, followed by Yunqi Capital, Didi Chuxing, Fosun Ruizheng, Yaotu Capital, and Hesai Technology.

On September 9, Fermo Technology announced the completion of a seed round of nearly 100 million US dollars. This round of financing was led by IDG Capital, followed by Yunqi Capital, Didi Chuxing, Fosun Ruizheng, Yaotu Capital, and Hesai Technology.