Seeds | 1.177 Billion Yuan! This New Force Secures Year's Largest Autonomous Driving Financing

Gasgoo Munich- According to Gasgoo <Seeds>, DeepWay recently completed a Pre-IPO financing round, raising a total of 1.177 billion yuan. The round was led by PuHua Capital, with participation from ABC Impact, Sunwoda, Lenovo Capital and other companies. The proceeds will primarily fund the group's core business operations and development.

Image source: DeepWay

DeepWay stands as the world's first company to build intelligent new-energy heavy-truck solutions through ground-up design and achieve mass delivery. Adhering to this philosophy, the company pursues a dual-drive strategy integrating "proprietary vehicles with self-developed autonomous driving technology." By redefining product and R&D architecture outside the traditional internal combustion framework, DeepWay ensures deep integration between vehicle hardware and intelligent driving software, aiming ultimately for fully autonomous freight. As of June 2025, the company has delivered approximately 6,400 new-energy heavy trucks, ranking first globally in the ground-up designed new-energy heavy-truck market.

Centered on its long-term autonomous driving goals, DeepWay follows a pragmatic, progressive path, prioritizing resources for areas with early commercial viability. In its early stages, the company completed vehicle development through ground-up design and achieved self-development of core electrification components, successfully transitioning to electrification. Building on this, it is scaling up combined driver-assistance systems and deploying human-machine co-driving platooning to create a positive commercial cycle. This lays the groundwork for large-scale single-vehicle autonomous operations. This progressive approach balances technical feasibility with commercial sustainability, creating a differentiated development model in the commercial-vehicle autonomous driving sector.

In the commercialization of intelligent driving, DeepWay has made combined driver-assistance systems standard across its latest model lineup, driving a steady rise in paid subscription rates. This success stems from a market-demand-oriented approach that prioritizes the practicality and cost-effectiveness of driving features, achieving a commercial closed loop through high-value solutions. Meanwhile, the massive volume of real-world operational data gathered from large-scale production deliveries provides reusable data and engineering support for the perception, decision-making, and control algorithms required for future autonomous driving.

Regarding application scenarios, DeepWay currently focuses on the fixed-route, short-haul bulk transport market—a significant segment of China's logistics system that accounts for 40% to 50% of total road freight volume. Around this scenario, the company is accelerating the deployment of intelligent platooning. It has already conducted platooning tests and cargo operations in customer scenarios across Xinjiang, Inner Mongolia, and Sichuan, completing the first batch of deliveries for platooning models. As data accumulates and operational experience matures, DeepWay will gradually advance large-scale platooning deployment, extending toward single-vehicle intelligent autonomous driving for short- and medium-haul scenarios, and continuing to push toward its long-term goal of realizing "industrial robots."

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