Chinese self-driving firm DeepRoute.ai raises US$300 million from Alibaba, others

Source: Tech – South China Morning PostChinese autonomous driving start-up DeepRoute.ai said on Tuesday it raised US$300 million from investors, including e-commerce giant Alibaba Group Holding, to expand its test fleet and develop technologies such as self-driving trucks.Other investors in the funding round include Greater China-focused tech investor Jeneration Capital, Chinese carmaker Geely and some previous investors, DeepRoute.ai said in a statement. It did not disclose its valuation.The investment comes as carmakers and…Read More

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