Beijing (Gasgoo)- Autonomous logistics delivery vehicle developer Zelos recently announced the completion of its Series B1 funding round, which raised for the company $100 million.
The new round was led by CDH BAIFU and Blue Lake Capital, with additional support from existing investors.
Zelos focuses on developing L4 autonomous driving technology specifically for urban logistics. It has established intelligent, vehicle, and electrification platforms, and achieved full in-house development of L4 algorithms, products, as well as essential software and hardware components.
Within just 18 months of its founding, Zelos launched five iterations of its autonomous vehicles, and released its mass-produced L4 urban delivery vehicle, the Z5 series, in the fourth quarter of 2023. Further expanding its lineup, Zelos introduced four additional L4 models, including the Z2, Z5, Z8, and Z10, in June 2024, tailored for various operational scenarios and cargo capacities.
Up to now, Zelos has deployed over 1,000 autonomous vehicles across 130 cities, collectively delivering more than 100 million orders. The company reports an average reduction of 62% in operational costs for clients and has amassed over 4 million kilometers in L4 autonomous driving distance, increasing by about 1 million kilometers per month.
