Chinese self-driving startup WeRide announced Thursday that it has closed a Series C round of funding, giving it a valuation of 3.3 billion U.S. dollars.
The company did not disclose the exact amount of the latest funding, saying that it was in the hundreds of millions of U.S. dollars.
Tony Han, founder and CEO of WeRide, said the latest investment in autonomous driving came after the company began the trial operation of a self-driving Robotaxi service in the southern Chinese city of Guangzhou and further unveiled its self-driving Mini Robobus.
The startup will expand its team size, continue the research and development and commercialization innovation of autonomous driving technology, and launch large-scale autonomous driving services as soon as possible, Han said.
WeRide, a global leading autonomous driving company, announced today that it has secured another round of fundraising, totaling hundreds of millions . Beijing, California, Guangzhou, IDG Capital, Qiming Venture Partners, Shanghai, Sky9 Capital, startup, Today, Wuhan
Only four months after securing Series B fundraising of $310 million, Chinese autonomous driving company WeRide says it has achieved its Series C funding round that brings its post-money valuation to $3 billion. This is first time the company has disclosed its value. The company did not share how much it has raised this round, […]
2021-05-13 13:10:10 GMT2021-05-13 21:10:10(Beijing Time) Xinhua English
SHANGHAI, May 13 (Xinhua) Chinese self-driving startup WeRide announced Thursday that it has closed a Series C round of funding, giving it a valuation of 3.3 billion U.S. dollars.
The company did not disclose the exact amount of the latest funding, saying that it was in the hundreds of millions of U.S. dollars.
Investors in the round include IDG Capital, CoStone Capital, Cypress Star and K3 Ventures.
Tony Han, founder and CEO of WeRide, said the latest investment in autonomous driving came after the company began the trial operation of a self-driving Robotaxi service in the southern Chinese city of Guangzhou and further unveiled its self-driving Mini Robobus.