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WeRide Secures New Financing Round | Automotive Industry News

WeRide, a Chinese-based self-driving company, has investors such as IDG Capital, Homeric Capital, CoStone Capital, Cypress Star, Sky9 Capital, K3 Ventures, and existing investors CMC Capital Partners, Qiming Venture Partners, We have secured Series C funding from Alpview. capital.

The current transaction value is US $ 3 billion on WeRide.

WeRide plans to invest in R & D and commercialization using the latest funding rounds. This is because it works towards the next generation of Level 4 driving, which means that the vehicle can be driven in certain environments and conditions without human intervention. The company is also spending money preparing to commercialize its technology.

In 2019, WeRide launched the first publicly available autonomous driving Robotaxi service in Guangzhou, China, covering an area of ​​over 144 km². The company is based in Guangzhou.

According to the company, it is receiving strategic investment from global automakers such as the Renault-Nissan-Mitsubishi Alliance and Zhengzhou Yutong. WeRide is the world’s first startup to have self-driving test permits in both China and the United States.



WeRide Secures New Financing Round | Automotive Industry News

Source link WeRide Secures New Financing Round | Automotive Industry News

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