autonomous driving
Korean carmakers take control of local autonomous driving player
Korean automakers Hyundai Motor and Kia have paid a combined KRW 427.7bn (USD 328.8m) for control of 42dot, a local autonomous driving software developer in which they and several VC investors already held minority stakes.
China's Black Sesame completes Series C with $500m haul
Black Sesame Technologies, a China-based chipmaker specializing in autonomous driving applications, has closed a Series C extension led by SummitView Capital. This brings the size of the overall round to USD 500m.
Japanese autonomous driving player Tier IV raises $300m
Japanese autonomous driving technology developer Tier IV has raised a USD 87m Series B round from strategic investors and received a USD 183m government grant.
China autonomous road sweeping start-up raises $30m
Chinese autonomous road sweeping start-up Autowise.ai has raised an extended Series B round of CNY 200m (USD 30m) featuring a VC unit of Shanghai-listed new energy company Shanshan Group.
China autonomous driving player Minieye raises $120m
Chinese autonomous driving solutions provider Minieye has raised CNY 800m (USD 120m) in Series D funding across three tranches. The third tranche was led by Cathay Capital.
Deal focus: WeRide confirms its ascendency
Chinese autonomous driving pioneer WeRide has climbed from near bankruptcy to a USD 4.4bn valuation within three years. A collaboration with Bosch could form a blueprint for other alliances
Korea autonomous driving tech supplier raises $25.5m
Korea’s Autocrypt, a connected mobility technology supplier targeting the autonomous driving sector, has raised a USD 25.5m Series B round featuring STIC Ventures and Hyundai Venture Investment.
Bosch invests in China's WeRide
China-based autonomous driving technology developer WeRide has received a strategic investment from German engineering multinational Bosch.
Ince leads $30m round for China’s PhiGent Robotics
Beijing-based autonomous driving solutions provider PhiGent Robotics has raised a USD30m Series A round led by Ince Capital. Previous investors such as Atypical Ventures, 5Y Capital, and GSR Ventures re-upped.
China EV maker Eezi raises $78m
Shenzhen-based electronic vehicle (EV) manufacturer Eezi has raised a CNY 500m (USD 78m) pre-A round led by China Merchants Venture.
China's Nio Capital closes Fund II on $400m
Nio Capital, a China-based investment firm established by the founder of domestic electric vehicle (EV) manufacturer Nio, has raised USD 400m for its second US-dollar denominated fund.
PE-backed TuSimple ponders Asia asset spinout
TuSimple, a private equity-backed developer of autonomous driving technology for trucks that listed in the US less than 12 months ago, is considering a spinout of its Asia Pacific operations.
China's Pony.ai hits $8.5b valuation with Series D
Chinese autonomous driving technology supplier Pony.ai has closed the first tranche of a Series D round at a valuation of USD 8.5bn. This represents a 65% increase from the Series C.
Sequoia, Legend back China autonomous driving player Inceptio
Sequoia Capital China and Legend Capital have led a USD 188m Series B extension for Inceptio, a Chinese autonomous driving technology developer that specialises in line-haul trucking.
Korea autonomous driving tech supplier raises $20m
Morai, a Korean autonomous vehicle simulation technology supplier, has raised USD 20m in Series B funding from investors including Korea Investment Partners and Hyundai Motor Group.
Xiaomi invests $70m in China LiDAR specialist Hesai
Xiaomi Industrial Investment Fund, a vehicle controlled by smart devices brand Xiaomi, has invested $70 million in Hesai Technology, a China-based developer of sensors used in autonomous driving.
China's Momenta adds $500m to Series C round
Strategic and financial investors have put another $500 million into Chinese autonomous driving technology developer Momenta, endorsing the company's two-legged approach to commercialization
China autonomous sanitation vehicle maker raises $250m
CowaRobot, a Chinese autonomous driving technology developer with an initial focus on sanitation vehicles, has raised $250 million in Series C funding.
GM invests $300m in China autonomous driving player Momenta
General Motors (GM) has entered China’s autonomous driving industry with a $300 million investment in Momenta, a local developer of sensor technology.
Deal focus: Deeproute founder jumps at second chance
Deeproute.ai has risen from the ashes of China-based autonomous driving specialist Roadstar.ai, backed by some of the same investors. Now Alibaba Group has given the company its endorsement
Alibaba leads $300m round for China's DeepRoute.ai
Alibaba Group has led a $300 million Series B round for DeepRoute.ai, a Chinese autonomous driving technology developer currently running a robotaxi program in downtown Shenzhen.
Xiaomi to buy VC-backed autonomous driving start-up
Chinese smart phone maker Xiaomi has agreed to buy local autonomous driving technology developer Deepmotion, facilitating liquidity events for Source Code Capital and Redpoint China Ventures.
China autonomous driving start-up Inceptio raises $270m
Inceptio, a Chinese autonomous driving technology provider focusing on line-haul trucking, has raised a $270 million Series B round led by JD Logistics, Meituan, and PAG.
China autonomous driving developer CalmCar raises $150m
CalmCar, a China-based provider of self-driving solutions, has closed a $150 million Series C round led by German auto parts supplier ZF Group. The company is targeting an IPO in 2022.