autonomous driving
Saudi fund invests $100m in China's Pony.ai
Saudi Arabia’s Neom Investment Fund, a strategic venture vehicle for the planned smart city of Neom, has made a USD 100m commitment to Chinese autonomous driving player Pony.ai.
China's Didi gets backing from state-owned carmaker
China ride-hailing platform Didi, which delisted from the New York Stock Exchange last year following a scandal-hit post-IPO period, has raised USD 149m in funding from state-backed carmaker GAC Group.
Japanese autonomous trucking start-up raises $24m
T2, a Japanese autonomous driving start-up that focuses on trucking, has raised JPY 3.5bn (USD 24.1m) in Series A funding from a combination of financial and strategic investors.
The innovation game: China GPs play safe
China investors have abandoned their previous high-risk-high-return approach in favour of proven business models and profitability. Hotspots like autonomous driving, biotech, and SaaS are no exception
Black Sesame leads surge in Hong Kong IPO filings
Black Sesame International Holding, a Chinese chipmaker specialising in autonomous driving applications, is among the highest-profile companies in the latest batch targeting IPOs on the Hong Kong Stock Exchange.
China ride hailing platform Ruqi Mobility secures $117m
Ruqi Mobility, a ride-hailing platform incubated by Chinese state-backed automaker GAC Group, has raised CNY 842m (USD 117m) in a Series B funding round led by Guangzhou Automobile Industry Group.
Deal focus: Prosperity7 supports gradual ascent to L4
Saudi Aramco-owned Prosperity7 Ventures has made two investments in Hyperview this year, based on appreciation for the company’s commercially oriented approach to autonomous driving
Prosperity7 backs China autonomous driving player Hyperview
Prosperity7 Ventures, a growth equity fund established by Saudi Arabia state oil giant Saudi Aramco, has invested in Hyperview, a China-based autonomous driving technology provider.
China autonomous driving player Mogo raises $84m
Mogo Auto, a Chinese autonomous driving solutions provider, has raised CNY 580m (USD 84m) in a Series C extension featuring Tencent Holdings.
China intelligent chassis supplier raises $58m
Global Technology, a China-based provider of intelligent chassis, has raised a Series C round of CNY 400m (USD 58m) from CICC Capital, Shenzhen Investment Holdings Capital, Qingyan Capital, and Huosen H&S.
Nio Capital, Xiaomo back China 4D radar start-up Sinpro
Sinpro, a China-based developer of hardware sensor products, has raised a Series A amounting to several hundred million renminbi led by Nio Capital and Xiaomi.
China autonomous truck developer DeepWay raises $112m
China’s DeepWay, a smart electric truck developer established by Baidu, has raised CNY 770m (USD 112m) in an extended Series A round featuring SB China Venture Capital (SBCVC).
LG backs US, China autonomous logistics start-up
LG Technology Ventures, the Silicon Valley-based VC arm of Korea’s LG Group, has led a USD 28.8m Series A round for US and China-based logistics automation player Venti Technologies.
Samsung backs Korea autonomous delivery start-up
Samsung Venture Investment has invested in Korea’s Neubility, a robot maker aiming to “automate urban sidewalks” via autonomous rolling boxes capable of on-demand deliveries.
Hesai gains 11% on debut after $190m US offering
Hesai Technology, a China-based developer of sensors used in autonomous driving, traded up on debut after completing the largest US IPO by a Chinese company since Didi in 2021.
Shunwei, Xiaomi lead round for China automotive chip maker
Rhino, a China-based developer of chips used in autonomous driving, has raised an extended angel round of several hundreds of millions of renminbi.
China LiDAR specialist Hesai aims for US IPO
Hesai Technology, a China-based developer of sensors used in autonomous driving, is targeting a US listing. Its investors include Lightspeed China Partners, Baidu, Bosch, and Xiaomi.
Hidden Hill joins $145m round for China's Sany Heavy Truck
Sany Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer Sany Heavy Industry focused on developing new energy trucks, has raised nearly CNY 1bn (USD 145m) in Series A funding.
Chaos leads $100m Series B for China's FreeTech
FreeTech, a developer of assisted driving solutions, has raised nearly USD100m in Series B funding led by Chaos Investment.
Lightspeed backs China autonomous driving industry supplier Daisch
Lightspeed China Partners has backed Daisch, a domestic supplier of high-precision products for autonomous driving, as the sole participant in a Series A round.
Deal focus: KKR agrees first Australia growth tech deal
KKR has led a USD 68m Series B round for Australia’s Advanced Navigation, an autonomous systems developer for robots and vehicles used everywhere from the freeway to orbit
Korea autonomous driving player gets $25m
Korea’s Seoul Robotics, which specialises in computer vision for 3D sensors used by autonomous cars, has raised a USD 25m Series B round led by KB Investment.
Baidu-backed autonomous truck developer raises $67m
DeepWay, an intelligent driving solutions provider for trucks established by Baidu, has raised a Series A round of CNY 460m (USD 67m) led by Qiming Venture Partners.
China carmaker SAIC raises $148m for mobility unit
Chinese carmaker SAIC Motor has raised CNY 1bn (USD 148m) to support the expansion of its mobile services unit, which last year launched a fleet of robotaxis.