Inceptio Expertise completes US$188 million in financing, led by Sequoia Capital China and Legend Capital

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SHANGHAI, Feb. 28, 2022 /PRNewswire/ — Inceptio Expertise, an autonomous driving truck know-how and operation firm, introduced the closing of a US $188 million Collection B+ fairness financing. This spherical of financing is collectively led by Sequoia Capital China and Legend Capital. Co-investors embrace Chow Tai Fook Enterprises Restricted, Cedarlake Capital, provide chain resolution & finance supplier Wuchan Zhongda Group (600704.SH), and a world fairness fund. Current traders Meituan (03690.HK), NIO Capital, Eight Roads, Broad Imaginative and prescient Funds, and many others. additionally participated.

The profitable closing of the Collection B+ will enable Inceptio Expertise to additional speed up the event of its self-developed full-stack autonomous driving system “Xuanyuan”, introduce extra mass-produced autonomous driving truck fashions to the market, and velocity up in electrification.

On the finish of 2021, Inceptio Expertise and China’s main OEM began mass manufacturing of L3 autonomous driving heavy-duty vans, that are the business’s first, after three years of growth. The L3 vans have all been deployed to every day business operation on line-haul freight routes throughout China. The business operation has validated the fee benefit of Inceptio’s L3 vans and is quickly scaling up.

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SOURCE Inceptio Expertise

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