DeepRoute.ai secures 100 million US dollars in Series C1

The company secures 100 million dollars and plans to develop autonomous driving solutions and enter the global robotaxi market

Shenzhen, November 6, 2024 - DeepRoute.ai, an AI company specializing in intelligent driving solutions, announces the successful completion of a Series C1 strategic financing round. In this round, the company was able to attract an investment of 100 million US dollars from a renowned Chinese car manufacturer. With this capital, DeepRoute.ai plans to accelerate the development of its end-to-end technology DeepRoute IO, expand global partnerships and explore the potential of future robotaxi services.

Expansion of series models with DeepRoute IO planned for 2024

Since August, DeepRoute.ai has already delivered around 20,000 vehicles with its DeepRoute IO technology to customers. In the coming year, at least ten more series models are to be launched on the market in collaboration with leading car manufacturers. The company is also working on the next generation of DeepRoute IO, which will feature a visual voice action model and is scheduled for release in 2025.

I strongly believe that autonomous driving is the most promising way to achieve physical AI, and we will be a major player in the next AI era.

Maxwell Zhou, Managing Director of DeepRoute.ai

Globally scalable robotaxi solutions

With end-to-end technology, DeepRoute.ai aims to achieve full autonomy for its vehicles. Unlike conventional robotaxis that rely on mapped data, DeepRoute.ai's technology is designed to be flexible in use in different countries and regions. This will pave the way for more cost-efficient and geographically independent mobility services, giving people around the world access to state-of-the-art self-driving vehicles.

Strategic partnership to drive global expansion

The investment by a leading car manufacturer underlines the confidence in DeepRoute. Managing Director Maxwell Zhou emphasizes the importance of the partnership: "This strategic investment is a recognition of our technological maturity and mass production capabilities. We look forward to expanding our reach internationally." DeepRoute.ai plans to use this partnership to further expand the development of its map-free technology, which enables reliable navigation without the need for high-resolution maps.

Clear indication for German car manufacturers

This investment by DeepRoute.ai is a clear message to German car manufacturers: while in Germany one profit warning follows the next, factory closures and job cuts dominate, Chinese companies are investing specifically and aggressively in the mobility of the future. The massive promotion of technologies such as autonomous driving systems and map-free navigation shows how seriously China is driving forward the development and scaling of future-oriented mobility solutions. While Germany often focuses on cost savings, China is pushing the innovation frontier further and further and is consistently expanding its leading role in the mobility sector.