What is Deeproute.ai?
Founded in 2019 and based in China, Deeproute.ai is dedicated to advancing Level 4 autonomous driving technology. The company's core focus areas include the development of urban logistics solutions and the popularization of robotaxis. By concentrating on these critical segments of the autonomous vehicle market, Deeproute.ai aims to establish itself as a leader in the rapidly evolving landscape of intelligent transportation.
How much funding has Deeproute.ai raised?
Deeproute.ai has raised a total of $750M across 4 funding rounds:
Angel/Seed
$50M
Series B
$300M
Unspecified
$300M
Other Financing Round
$100M
Angel/Seed (2019): $50M with participation from Fosun, Green Pine Capital Partners, GoldenSand Capital, Yunqi Partners, and Ventech China
Series B (2021): $300M led by Jeneration and Alibaba Group
Unspecified (2021): $300M supported by Geely, Alibaba, and Jeneration Capital
Other Financing Round (2024): $100M, investors not publicly disclosed
Key Investors in Deeproute.ai
Jeneration Capital
Jeneration Capital is an investment management firm that provides financial solutions and capital management services, emphasizing clear terms and proactive management.
Alibaba Group
Alibaba Group is a major e-commerce, retail, Internet, and technology conglomerate based in Hong Kong, China, with diverse business operations including cloud computing and digital media.
Fosun
Fosun International is a technology-driven consumer group headquartered in Shanghai, China, with significant operations in pharmaceuticals, travel/leisure, and finance.
What's next for Deeproute.ai?
The substantial backing received by Deeproute.ai positions the company for significant expansion and technological advancement. With a clear focus on scaling its robotaxi services and enhancing its urban logistics capabilities, the recent strategic investment is likely to fuel further research and development. This capital infusion will enable Deeproute.ai to refine its autonomous driving systems, expand its operational footprint, and solidify its competitive advantage in the global self-driving vehicle industry.
See full Deeproute.ai company page
