DeepWay BEV Truck Secures $103M in Series B Funding for Groundbreaking New Energy Heavy-Duty Truck Production

DeepWay, the pioneering name in China's emerging truck force, has successfully raised an impressive $103 million in its latest funding round, marking a significant milestone in its journey towards revolutionizing the logistics and transportation industry. Jointly created by tech giant Baidu and Lionbridge, DeepWay has established itself as a leader with its flagship model, the DeepWay Star — the nation's first fully forward-designed intelligent new energy heavy-duty truck. With state-of-the-art features such as an integrated battery and chassis layout, distributed electric drive axles, and cutting-edge intelligent cockpit technology, the DeepWay Star is engineered for optimal performance, boasting ultra-low wind resistance and a remarkable energy consumption rate of just 130 kWh per 100 kilometers. The recent funding will primarily be allocated towards scaling mass production capabilities and further refining advanced autonomous driving technologies, having secured exclusive rights to Baidu's commercial vehicle sector tech. This funding comes at a pivotal time as DeepWay has already delivered over 1,500 units, serving heavyweights like CATL, Mengniu Dairy, and SF Express, and solidifying its reputation as a formidable competitor in the industry. With this round of capital, DeepWay aims to enhance its technological innovations, expand its fleet, and continue leading the charge towards a sustainable, smart logistics future.