.
MergerLinks Header Logo

New Deal


Announced

Completed

Alibaba led a $300m Series B funding round in DeepRoute.ai.

Financials

Edit Data
Transaction Value£216m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Completed

Domestic

China

Acquisition

Venture Capital

Software

Minority

Friendly

Private Equity

self-driving solution

Private

Synopsis

Edit

Alibaba led a $300m Series B funding round in DeepRoute.ai, a global level 4 self-driving solution provider. Additional investors include Jeneration Capital, Fosun RZ Capital, Glory Ventures and Yunqi Partners. “The self-driving technology market is highly competitive and features many exciting innovations. We believe DeepRoute.ai’s engineering team and proven record of success to date will enable it to continue to be a leading innovator, empowering more businesses and services in a variety of industries,” Jason Tan, Jeneration Capital Partner and CIO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US