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DeepRoute raises $300 million from Alibaba

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Date: Sep 15,2021 View:1760

Chinese self-driving firm DeepRoute.ai raised $300 million from investors including Alibaba to expand its test fleet and develop technologies including self-driving trucks.

DeepRoute said this week it will tap the investment to expand its team, ramp up R&D, and scale up collaboration with automakers and fleets.

Alibaba’s involvement in the funding round underscores the ambitions of China’s technology giants to get a foothold in the area of driverless cars. Alibaba is already an investor in another Chinese autonomous driving car start-up called AutoX and is backing electric vehicle maker Xpeng.

Founded in 2019, collaborates with automaker Dongfeng Motor on self-driving technologies, also works with Geely's ride-hailing unit Cao Cao, aims to develop Level 4 autonomous driving robotaxis and medium-duty trucks for freight delivery in urban areas. DeepRoute.ai's rival WeRide, backed by Nissan, said this month it would develop self-driving vans, while Pony.ai, backed by Toyota, said earlier it would develop autonomous trucks.

DeepRoute.ai will also develop self-driving light duty trucks for urban logistics services, and Alibaba said in June it plans to develop self-driving trucks with its logistics subsidiary Cainiao.

IFrameIn July, DeepRoute.ai launched its robotaxi service to Shenzhen residents with a fleet of 20 self-driving cabs. It is the first company to be granted a permit to operate in the city.