On August 3, Inceptio Technology, a leading autonomous truck company, announced it has completed a B round of financing worth $270 million. The round was led by JD.COM
According to Inceptio Technology, this round of financing will be used for the mass production of its proprietary full-stack autonomous driving system “XUANYUAN” and the company will further accelerate its electrification layout.
Xu Zhan, the Managing Partner of PAG’s Growth Fund, said they believe that autonomous truck driving technology can improve drivers’ driving experience and safety, while significantly stepping up logistics efficiency and reducing energy consumption.
Inceptio Technology focuses on L3 and L4 level autonomous driving logistics operations on intercity open roads, providing various models of autonomous driving transportation asset services, and is dedicated to improving the driving safety of logistics trucks.
According to a report released by AskCI, the market size of the autonomous driving industry will exceed 235 billion yuan in 2021. Alibaba