China Self-Driving Firm Deeproute Raises $300 Million From Alibaba, Others
09/14/21, 6:07 AM
Money raised
$300 million
Beijing: Chinese autonomous driving startup DeepRoute.ai said on Tuesday it raised $300 million from investors including e-commerce company Alibaba to expand its test fleet and develop technologies including self-driving trucks.
Company Info
Additional Info
The company is also developing an unmanned light-duty truck for urban logistics, such as grocery and parcel deliveries, it added. Other participants include Jeneration Capital and Fosun RZ Capital, Shenzhen-based DeepRoute said today. DeepRoute has started trial operations of a RoboTaxi in Shenzhen and is also testing the service in the cities of Wuhan and Hangzhou.