Neolix, a startup developing AVs for delivery services, said on Wednesday it has raised ‘hundreds of millions of RMB’ from Softbank Ventures Asia.
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Posted inThe Numbers
Self-driving startup Qcraft secures $100 million investment
The two-year-old company plans to expand its test fleet to more than 100 vehicles by year-end.
Posted inThe Numbers
Xpeng’s first-quarter net loss widens, expects slow second-quarter revenue
Xpeng is joining a long list of Chinese tech companies facing a challenging quarter with production cuts and profits squeezed.
Posted inThe Numbers
Autonomous car startup Uisee raises $150 million from state-backed fund
Uisee is benefiting from investor interest in Chinese AV startups as the Covid-19 pandemic pushes unmanned transport applications.
Posted inUp and Comers
Self-driving startup WeRide raised $200 million in Series B1
WeRide, the first testing fully driverless cars on Chinese open roads, is also promising a fully hands-free minibus.
Posted inHeavy Hitters
Chinese ride-hailing giant Didi files for US IPO
Didi is among the world’s top five highest-valued unicorns. Its listing could be one of the biggest IPO this year.
Posted inThe Numbers
AVs in mirror are farther than they appear
Three years ago funding for AVs was a free for all, but now late-stage startups are getting all the attention as the industry matures.
Posted inOn the Cusp
Briefing: Autonomous truck startup TuSimple achieves unicorn status
The logistics industry could see drastic improvements in efficiency should companies adopt self-driving trucks.
Posted inThe Numbers
Drone maker Ehang sets terms for US IPO, seeking $46 million
The IPO target is half the $100 million placeholder set in October.
