The results of the 2023 Venture50 selection by the investment community have been announced, and Boonray Technology is on the list

—This is the 3116th day that Boonray Technology has persisted in innovation—

On January 16, 2024, the results of the 2023 Venture50 selection, initiated by Zero2IPO (1945.HK) and the investment community, were announced. This year's selection featured rankings in five major industries. Boonray Technology, a provider of autonomous driving solutions and operations services for open-pit mines, was recognized on the digital technology list. Five major industries—hard technology, carbon neutrality, digital technology, life sciences, and new consumption—have achieved significant breakthroughs and achievements on the highway of technological innovation.

Previously, Boonray Technology announced the completion of a B1 round of financing exceeding 100 million yuan. Based on core technologies such as autonomous driving, vehicle wire control, intelligent transportation, and new energy, it created a low-carbon intelligent solution "Boonray Multi-Transport" for open-pit mining scenarios.

Leading players in high-quality tracks maintain rapid growth

Over the past year, Boonray Technology has experienced rapid growth, with revenue increasing fourfold compared to the previous year. The company has partnered with OEMs such as Tongli, Pengxiang, XCMG, Liugong, and Sunward Intelligent, developing a variety of new energy autonomous vehicles for diverse mining scenarios. These include a 105-ton plug-in and battery-swap model, a 136-ton methanol-powered extended-range vehicle, and China's first cab-less autonomous mining truck. These vehicles are now in operation at numerous open-pit mines, including CNBM Southern Cement, Guoneng Group Pingzhuang Coal, China Minmetals, and Xinjiang Energy Group, covering a wide range of minerals, including building materials, metals, and coal. By the end of 2023, Boonray Technology systems will have been installed in over 200 vehicles, transporting a cumulative 68.3 million tons of earth, safely driving 3.59 million kilometers, and saving 16,380 tons of carbon emissions.

Intelligent, unmanned, and green mining will help the mining industry embark on an ESG development path

· In terms of safety, autonomous vehicles can eliminate the safety risks brought by human operation and fundamentally ensure production safety.

· In terms of efficiency, the improvement of comprehensive management efficiency and the increase in bicycle operating time directly improved overall production efficiency.

· In terms of environmental protection, the use of clean energy such as electricity and methanol in mining vehicles has achieved carbon emission reduction of hundreds of tons per vehicle per year.

· The integration of intelligence, digitalization and greening can achieve more reasonable management methods, a higher quality human working environment and more environmentally friendly energy utilization methods.

Boonray Technology's intelligent, unmanned, and green solutions meet the ESG development requirements of the mining industry and will provide important support for the transformation and upgrading of the mining industry.