Announced
Financials
Sources
Tags
Hong Kong
Auto Technology
Pending
autonomous vehicles
Private
Venture Capital
Acquisition
Friendly
Single Bidder
Private Equity
Synopsis
Hong Kong-based AutoX, an industry leader in the self-driving car technology industry, raised $100m in Series A financing. State-owned Dongfeng Motor, one of China’s largest automakers, led the round, while a fund under Alibaba and Silicon Valley-based incubator Plug and Play’s China fund both joined. New funds will be used to build its autonomous driving fleet and to add new members to its technical team. AutoX said it plans to apply its autonomous driving solutions to the logistics sector since it has joined Alibaba’s ecosystem. Also, the company will enter Southeast Asian markets now that it has investors from the region.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.