DeepWay Secures $105M in Series B Funding for Revolutionizing China's Trucking Industry with DeepWay Star

DeepWay, the pioneering venture co-founded by tech giants Baidu and Lionbridge, has successfully secured a remarkable $105 million in funding, marking a significant milestone in the realm of eco-friendly transportation solutions. Known as China's first emerging truck force, DeepWay has set itself apart with its flagship product, the DeepWay Star—the country's first fully forward-designed intelligent new energy heavy-duty truck. This cutting-edge vehicle showcases a series of advanced features, including an innovative integrated battery and chassis design, distributed electric drive axles, and a lightweight structure that maximizes efficiency by achieving an impressive energy consumption rate of just 130 kWh per 100 kilometers. With their exclusive authorization of Baidu's renowned autonomous driving technology for commercial trucks, DeepWay is poised to revolutionize the logistics and transportation sector, enhancing operational safety and efficiency. Since kicking off mass production, DeepWay has already delivered over 1,500 vehicles, effectively serving a diverse clientele that includes major players like CATL, Mengniu Dairy, and SF Express. The newly raised funds will be strategically invested in expanding production capacity, advancing research and development, and enhancing the deployment of their autonomous driving capabilities, solidifying DeepWay’s position as a leader in the emerging truck industry. This funding round not only underlines investor confidence in DeepWay’s innovative approach but also highlights the growing demand for sustainable, intelligent transportation solutions in China and beyond.