Shanghai (Gasgoo)- China-based provider of battery-electric autonomous mining trucks and zero-carbon unmanned mine solutions Boonray Technology has announced the completion of a new funding round.
Image source: Boonray Technology
Notably, with this round, Boonray's cumulative fundraising in 2025 has topped RMB 1 billion — a strong vote of confidence in its technology path and business prospects, while also setting a record for primary-market fundraising in China's autonomous mining segment.
Boonray Technology, a tech innovator focused on mining scenarios, aims to deliver a vehicle–cloud–network integrated stack, offering full-stack unmanned mine operations solutions that include battery-electric autonomous mining trucks, intelligent dispatch systems and remote-driving platforms.
Its technologies are designed to markedly improve operational efficiency and safety at mine sites, while electrification and intelligence drive a greener, low-carbon transition — aligned with China's "dual-carbon" targets.
As automation and intelligence accelerate across mining, the company has already achieved commercial deployment and scaled operations at multiple large mines in China, supporting its market position.
Proceeds will primarily fund R&D in core technologies, with continued optimization and iteration of autonomous-driving algorithms and vehicle electronic control systems; the capital will also expand capacity for intelligent equipment to meet growing demand.
In parallel, Boonray will speed up strategic expansion in domestic and overseas markets, deepen ecosystem cooperation with partners across the value chain, and build a more resilient collaboration network — moves intended to cement and extend its edge in global smart-mine development. The sizable raise not only injects momentum into Boonray's next phase of growth, it also signals that autonomous mining is entering a new stage of scaled commercial deployment and heightened investor focus.
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