What is DeepWay?
Founded in 2020, DeepWay operates at the intersection of heavy-duty logistics and clean energy technology. The company specializes in the development of intelligent, electric-powered commercial vehicles designed to optimize long-haul freight efficiency. Its core technological differentiation lies in its bottom-part battery swapping systems and high-performance electric drive axles, which address the primary pain points of range anxiety and charging downtime in the commercial trucking industry. By integrating artificial intelligence with robust hardware, DeepWay aims to redefine the economics of heavy-duty transport, providing a scalable, zero-emission alternative to traditional diesel-powered fleets.
How much funding has DeepWay raised?
DeepWay has raised a total of $523.9M across 5 funding rounds:
Series A
$67.3M
Series A
$73.2M
Other Financing Round
$112M
Series B
$102M
Other Financing Round
$169.4M
Series A (2022): $67.3M with participation from CCB Trust, Vlight Capital, Lenovo Capital, and Qiming Venture Partners
Series A (2023): $73.2M led by Qiming, CCB Trust, Shandong Weiqiao Pioneering Group, Vlight Capital, and Lenovo Capital
Other Financing Round (2023): $112M supported by Weiqiao Pioneering
Series B (2024): $102M featuring Zhongan Group, Pu Hua International, and CCB Trust
Other Financing Round (2026): $169.4M backed by ABC Impact, Sunwoda, and Puhua Capital
Key Investors in DeepWay
ABC Impact
ABC Impact is a Singapore-based private equity firm focused on impact investing in Asia, targeting commercially scalable businesses that address climate solutions and sustainable development.
Sunwoda
Sunwoda is a China-based leader in the development and production of lithium-ion battery modules, providing critical energy storage expertise to the electric vehicle sector.
Puhua Capital
Puhua Capital is an early-stage growth-equity firm that provides industry resources, management expertise, and strategic capital to support emerging technology companies.
What's next for DeepWay?
With the successful closure of this latest financing round, DeepWay is poised to scale its manufacturing capabilities and expand its footprint in the intelligent logistics market. The strategic focus will likely shift toward the mass production of its electric truck platforms and the expansion of its battery-swapping infrastructure network. As the company matures, it will face the dual challenge of maintaining technological superiority while navigating the competitive landscape of global commercial vehicle electrification. Investors will be closely monitoring the firm's ability to achieve operational profitability and its success in securing long-term partnerships with major logistics providers, which will be essential for sustaining its growth trajectory in the coming fiscal periods.
See full DeepWay company page
