Chinese autonomous driving tech company DeepRoute.ai has secured $100 million from their successful Series C1 funding round.
The investment reportedly came from an unnamed “prestigious Chinese automotive OEM”, according to the company’s announcement on Monday.
The funding is intended to help scale global automakers’ collaboration and explore future robotaxi business.
Since August, approximately 20,000 vehicles integrated with DeepRoute IO have been delivered to users. The company plans to release more than 10 additional series models in collaboration with selective OEM clients next year.
CEO of DeepRoute.ai, Maxwell Zhou, said:
“The strategic investment from the automaker is a significant recognition for our technology maturity and mass production capabilities. We are eager to leverage this momentum to expand our reach in global markets… I firmly believe autonomous driving is the most promising pathway to achieving physical AI and we will be a major player in the next AI era.”
https://www.youtube.com/watch?v=6v036bBD31o
Founded in 2019, DeepRoute.ai began road testing its end-to-end model last August and officially deployed it in mass-produced cars this year.
