DeepWay, a Beijing, China-based smart commercial vehicle developer and manufacturer, raised ￥770M in Series A+ funding.
The round was led by Shandong Weiqiao Pioneering Group and SB China Venture Capital, with participation from several existing investors, including Qiming Venture Partners.
The company intends to use the funds to ensure mass production and delivery its truck, which further consolidates its leadership position in the smart electric heavy truck market.
Led by Wan Jun, founder and CEO DeepWay is a manufacturer of smart electric heavy-duty trucks contributing to the create a low-carbon, eco-friendly, and safe environment.
Weiqiao Pioneering, a large aluminium producer, will also become one of the first customers of DeepWay’s premium smart electric heavy-duty trucks. In addition to adopting the smart electric trucks in the closed-loop delivery check that is conducted by the industrial users, the two companies expect that, through the accumulated data on the operation of the large-scale management of vehicles, they will facilitate collaborations with more involved business scenarios and, by doing so, demonstrate how intelligent logistics and transportation solutions are properly implemented and applied.
FinSMEs
28/03/2023