Roadstar.ai, a Shenzen, China-based autonomous driving startup, raised US$128m in Series A funding.
The round was led by Wu Capital and Shenzhen Capital Group, joined by Yunqi Partners, CMB International Capital, and Vision Plus Capital.
Founded in May 2017 by Dr. Xianqiao Tong, CEO, Roadstar.ai is an autonomous driving technology startup that specializes in level 4 autonomous driving technologies. The company has established official partnership with top tier 1 and automobile manufacturers globally.
Roadstar.ai, which has established R&D centers in Shenzhen, China and Silicon Valley, USA, will deploy 50 new self-driving vehicles in China this year, and expand the fleet to 200 in 2019 and 1,500 by 2020.