On August 31, according to Wan Venture Capital Bank, the next-generation inductive encoder company Gongwang Sensor recently announced the completion of Series A financing of nearly 100 million yuan. This round of financing was led by NIO Capital, followed by institutions such as Xiamen Tungsten Industry Fund, Sunshine Power Industry Fund, Jiayi Venture Capital, Zeran Capital, and Davu Venture Capital. Gongwang Sensor's financing will mainly be used to accelerate the large-scale implementation of inductive encoders in the fields of robotics and high-precision manufacturing.

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