DeepWay Completes the A+ Round of Financing of 770 Million yuan, and Cumulative Financing in half a Year Exceeds 1.2 Billion yuan

On March 28, DeepWay, a new smart new energy truck manufacturing company jointly established by Baidu and Shiqiao, announced the completion of a 770 million yuan A+ round of equity financing. This round of financing is led by Weiqiao Entrepreneurship Group and Softbank China Capital, and the old shareholder Qiming Venture Capital will continue to invest. It will be mainly used for the manufacturing of DeepWay intelligent new energy heavy trucks and the research and development of high-level intelligent driving systems to ensure vehicle production and high-quality delivery.

Before this, DeepWay had completed a round of financing of 460 million yuan in August last year. This means that in just half a year, DeepWay has accumulated more than 1.2 billion yuan in financing.