Gasgoo Munich- On May 26, Chinese new energy heavy-truck company ZERON announced the completion of a $200 million Series B2 financing round. The latest fundraising comes only two months after the company closed its previous financing round in March.
Image source: ZERON
Including an earlier 1.2-billion-yuan raise, ZERON has secured a cumulative total of roughly $400 million in fresh capital over the past two months.
The financing round attracted a broad mix of industrial, international, and domestic financial investors. Strategic backers include Zijin Mining, Yankuang Capital under Shandong Energy Group, Sanhua Group, and a leading Chinese consumer goods enterprise. Global investment participation came from Temasek and InnoVen Capital, while local investment firms included Gaocheng Capital, SparkEdge Capital, longcapital, Ondine Capital, Hua Capital Oriza, and Aurahonorfund, among others.
ZERON said the continued inflow of capital and rapid business expansion signal the company's transition into a new phase of development. According to the company, the participation of both industrial and international investors is expected to strengthen its capabilities in supply-chain collaboration, commercial deployment, and overseas market expansion.
ZERON said the addition of industrial shareholders such as Yankuang Capital, Zijin Mining, and Sanhua Group will help accelerate commercial collaboration in key operating environments including mining transportation, industrial logistics, and bulk cargo delivery. The company also described the participation of global long-term investors as a sign of sustained international confidence in China's new energy heavy-truck and autonomous driving sectors. Going forward, ZERON plans to deepen its international partnerships and expand access to global industrial resources.
ZERON's shareholder base now includes major industrial and long-term capital partners such as CATL, Zijin Mining, Shandong Energy Group, Temasek, and leading Chinese consumer brands. The network spans sectors including traditional energy, new energy technologies, mining, consumer industries, and international finance.
Over the past year, ZERON's new energy heavy-truck business has maintained rapid growth momentum. After recording nearly 300% sequential sales growth during the second half of 2025, the company said cumulative deliveries from January to April 2026 increased fivefold compared with the same period last year. Its two flagship truck models, Jingzhe and Xiaoman, both continued to post strong sales expansion. Alongside volume growth, the company also reported improving operational efficiency, achieving positive operating cash flow in the fourth quarter of 2025.
On the autonomous driving front, ZERON has continued advancing what it describes as a “scenario-based progressive deployment” strategy. Heavy-duty trucks equipped with the company's end-to-end and multimodal large-model autonomous driving system are currently undergoing testing in real-world closed operational environments. The company plans to rapidly expand its test fleet in order to accelerate system iteration and validation under commercial operating conditions.
As electrification and intelligent driving technologies continue to converge, China's heavy-truck sector is entering a new phase of industrial upgrading. ZERON said it will continue focusing on large-scale vehicle deployment, advanced autonomous driving development, and broader industrial application scenarios to speed up the commercialization of smart new energy trucking solutions.
