SHANGHAI, Aug. 3, 2021 /PRNewswire/ — Inceptio Technology, an autonomous driving truck technology and operating company, announced the closing of a US$270 million Series B equity financing. This round of financing was jointly led by JD Logistics (02618.HK), Meituan (03690.HK), and PAG. Deppon Express (603056.SH), IDG Capital, CMB International, SDIC, Mirae Asset, Eight Roads, and Broad Vision Funds also participated in the investment, and the existing shareholders GLP Hidden Hill Capital, CATL (300750.SZ), NIO Capital and Eastern Bell Capital actively followed.
The successful closing of the Series B will allow Inceptio Technology to accelerate the development of its self-developed full-stack autonomous driving system “Xuanyuan”, and speed up its deployment in electrification. Since 2019, Inceptio Technology and China’s
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SOURCE Inceptio Technology
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