DeepRoute.ai Raises $300M in Total Funding

15 Sep, 2021

DeepRoute.ai Raises $300M in Total Funding
Photo by Ewan Robertson on Unsplash

– DeepRoute.ai is a self-driving technology company committed to advancing urban logistics and robotaxis.
– The company raised a Series B funding round totaling to more than $300m USD.
– The round was led by Alibaba Group (NYSE: BABA) and other venture capital companies including Jeneration Capital. Previous investors Fosun RZ Capital, Yunqi Partners, and Glory Ventures also participated in the round.
– The new investment will be used to further research and development, scale automaker collaboration and fleet operation, and support the expansion of the team.

Automotive Autonomous Vehicles Eastern Asia
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