Autonomous-driving truck company Inceptio Technology completes USD100m equity financing

Autonomous-driving truck technology and operating company Inceptio Technology announced the close of a 100 million US dollars equity financing. At the same time, the company has completed the A-sample validation in L3 autonomous-driving truck mass production jointly conducted with Dongfeng Trucks.

Autonomous-driving truck technology and operating company Inceptio Technology announced the close of a 100 million US dollars equity financing. At the same time, the company has completed the A-sample validation in L3 autonomous-driving truck mass production jointly conducted with Dongfeng Trucks.

Inceptio Technology stated that this was the first time that China’s autonomous-driving industry had completed the A-sample validation in L3 autonomous-driving truck mass production. This signified that the company had taken an important step towards the delivery of mass-produced L3 autonomous-driving trucks.

As a start-up company in the field of autonomous-driving trucks, Inceptio Technology’s business model is “technology + operation”. The company focuses on China’s line-haul freight scenarios, independently develops autonomous driving technology, cooperates with the automotive industry to mass-produce autonomous driving trucks, and provides logistics enterprises with efficient, energy-saving and safe autonomous driving truck asset services.

By the end of 2021, Inceptio Technology will jointly deliver L3 autonomous-driving trucks in batches with Chinese OEMs to provide clients with a nationwide autonomous-driving truck service network. To date, more than one hundred logistics companies have signed up for Inceptio Technology’s smart truck asset service, marking a significant progress in its commercialization.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/04/autonomous-driving-truck-company-inceptio-technology-completes-usd100m-equity-financing/.

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