What is DeepWay?
Founded in 2020, DeepWay is an innovative developer of intelligent, heavy-duty electric vehicles. The company distinguishes itself through proprietary technological advancements, most notably its bottom-part battery swapping architecture and high-efficiency electric drive axles designed specifically for demanding commercial operations. By integrating advanced autonomous driving capabilities with sustainable energy solutions, DeepWay addresses the core challenges of range, efficiency, and operational downtime in the heavy-duty trucking industry. Its market position is defined by a commitment to transforming traditional logistics through electrification, positioning the firm as a key contributor to the global shift toward zero-emission commercial transport.
How much funding has DeepWay raised?
DeepWay has raised a total of $523.9M across 5 funding rounds:
Series A
$67.3M
Other Financing Round
$112M
Series A
$73.2M
Series B
$102M
Other Financing Round
$169.4M
Series A (2022): $67.3M with participation from CCB Trust, Qiming Venture Partners, Lenovo Capital, and Vlight Capital
Other Financing Round (2023): $112M led by Weiqiao Pioneering
Series A (2023): $73.2M supported by Lenovo Capital, Vlight Capital, Qiming, CCB Trust, and Shandong Weiqiao Pioneering Group
Series B (2024): $102M featuring CCB Trust, Zhongan Group, and Pu Hua International
Other Financing Round (2026): $169.4M backed by Sunwoda, Puhua Capital, and ABC Impact
Key Investors in DeepWay
Sunwoda
A China-based leader in the development and production of lithium-ion battery modules, providing critical energy storage expertise for electric vehicle applications.
Puhua Capital
An early-stage growth-equity firm that provides essential industry resources and management experience to support the scaling of high-potential technology ventures.
ABC Impact
A Singapore-based private equity firm focused on backing commercially scalable businesses that address environmental and social challenges, with a specific emphasis on climate solutions.
What's next for DeepWay?
With the infusion of this latest capital, DeepWay is well-positioned to accelerate its manufacturing capabilities and expand its footprint in the intelligent logistics market. The strategic focus will likely shift toward scaling the deployment of its battery-swapping infrastructure and refining its autonomous driving software stack. As the company moves beyond its initial growth phases, the emphasis will remain on achieving operational excellence and establishing long-term partnerships with logistics providers. The continued support from diverse institutional backers suggests a strong trajectory toward commercial maturity and potential market leadership in the heavy-duty electric vehicle segment.
See full DeepWay company page
