DeepWay New Power Truck Firm Raises 67 Million {Dollars}


DeepWay, an clever new vitality truck firm sponsored by Baidu, introduced on Tuesday, August 23, that it has put up 460 million yuan (roughly round $67.19 million) in Collection A financing. This was the primary spherical of financing for DeepWay, however within the first spherical, it set a document for the hugest financing scale of a newcomer to the section of good vitality vans.

If we take a peep look into the electrical truck agency DeepWay, the model has distinctive stationeries. The corporate has been conferred as the primary electrical automobile startup that builds autonomous vans from the start for shipments.

The corporate claims this could possibly be extra possible for shoppers to go searching and make it tranquil. It additionally reduces manufacturing prices.

The beginner was collectively established by logistics service supplier Shiqiao Group and tech big Baidu in early 2020, as within the two-year-old firm is now upsurging to RMB 3 billion within the newest fundraising spherical, which had been led by Qiming, Chinese language tech media outlet QbitAI reported, citing firm insidersDeepWay is among the first startups to get authorization from Baidu to conduct “white-box testing,” which suggests the corporate has a working expertise of the latter’s self-driving expertise.

DeepWay says it should attempt to promote the R&D, manufacturing, and manufacturing of good new vitality heavy-duty vans and improve the development of automated driving information in high-speed heavy-duty vans. It’s attainable solely due to the help the corporate bought from the capital. In keeping with DeepWay’s R&D exact blueprint, in December 2022, the agency will assign Xingchen to trial operations on undetermined. From June 2023, the corporate will kickstart mass manufacturing, and it goals to ship 1,000 models of good new vitality heavy vans within the 12 months.


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