DeepWay secures 750 million yuan in Series B financing

Beijing (Gasgoo)- On December 26, new energy intelligent heavy-duty truck developer DeepWay announced the completion of its Series B financing, which raised a total of 750 million yuan.

Photo credit: DeepWay

The round was co-led by ZhongAn Capital and Pu Hua Capital, with existing investor CCB Trust increasing its investment. Additional participants included the Greater Bay Area Fund, Hefei Industrial Investment Fund, and Feixi Industrial Investment Fund, providing substantial support for DeepWay's future development.  

The funds will primarily be used to accelerate the R&D and mass production of DeepWay's electrification and intelligent technologies in Hefei, as well as to strengthen the company's supply chain for key components in Changxing, Zhejiang. These initiatives aim to expand DeepWay's share in the new energy heavy-duty truck market and advance its global strategic ambitions.  

DeepWay has pioneered technologies such as bottom-part battery swapping and electric drive axles for commercial operations.  

With over a year of operation, DeepWay's trucks have collectively logged more than 100 million kilometers of operation distance. Its sales network now spans across the Chinese Mainland. Supported by 110 vehicle warranty and after-sales service centers, DeepWay ensures a seamless experience for users, reinforcing its commitment to safe and reliable green mobility.