What is DeepWay?
Founded in 2020, DeepWay is at the forefront of developing intelligent heavy-duty trucks powered by new energy sources. The company has distinguished itself through pioneering technologies, including bottom-part battery swapping and electric drive axles, specifically engineered for commercial operations. DeepWay's focus on innovation aims to address the evolving demands of the logistics and transportation industry, positioning it as a key player in the transition towards sustainable commercial trucking.
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 Qiming Venture Partners, Vlight Capital, Lenovo Capital, and CCB Trust
Other Financing Round (2023): $112M led by Weiqiao Pioneering
Series A (2023): $73.2M supported by Qiming, Lenovo Capital, CCB Trust, Shandong Weiqiao Pioneering Group, and Vlight Capital
Series B (2024): $102M featuring Pu Hua International, CCB Trust, and Zhongan Group
Other Financing Round (2026): $169.4M backed by Sunwoda, ABC Impact, and Puhua Capital
Key Investors in DeepWay
Pu Hua International
Pu Hua International, likely associated with eco-friendly initiatives given its description, has participated in DeepWay's funding. This suggests a potential alignment with sustainable technology and new energy ventures.
CCB Trust
CCB Trust, operating within the investment banking sector, has provided backing to DeepWay. Their involvement indicates a strategic financial partnership aimed at supporting the company's growth trajectory.
Zhongan Group
Zhongan Group, an investment holding company with diverse interests including property development, has invested in DeepWay, signaling a diversification into the new energy vehicle sector.
What's next for DeepWay?
The recent major strategic investment in DeepWay signals a strong confidence from its backers in the company's future growth and technological roadmap. This infusion of capital is expected to accelerate DeepWay's product development, enhance its manufacturing capabilities, and expand its market reach. As the company continues to scale its operations, it is poised to further solidify its position in the competitive landscape of intelligent and new energy heavy-duty trucks, potentially leading to further enterprise-level funding rounds as it matures.
See full DeepWay company page
