WeRide aims to raise $440 million in its upcoming US IPO, with $320.5 million from class A share investors, looking to enhance its self-driving technology.
WeRide aims to raise $440 million in its upcoming US IPO, with $320.5 million from class A share investors, looking to enhance its self-driving technology.
08/14/24, 4:21 AM
Location
chinaMoney raised
$440 million
Investors
Gac Group, Bosch, Nvidia
WeRide, a Chinese self-driving startup, plans to list on the Nasdaq under the ticker symbol 'WRD' and raise $440 million in its initial public offering (IPO). The company has completed 10 rounds of funding, with notable investments from Nvidia, Bosch, and GAC Group.
Company Info
Location
china
Additional Info
WeRide has raised USD310 million in its latest funding round led by the venture capital arm of the Renault-Nissan-Mitsubishi Alliance and the state-backed China Structural Reform Fund, the Chinese autonomous driving startup said today. Other participants in the Series C fundraising included Pro Capital, IDG Capital and Costone Capital, Singapore's K3 Ventures and prior investors such as Chinese media giant CMC’s venture capital arm, WeRide said. Its Robotaxi fleet has served over 60,000 customers with more than 147,100 trips made in the first year of operations without any incidents, WeRide said in December last year.