DeepRoute.ai Announces Major Series C1 Funding; Strategic Investment from Prestigious Chinese Automotive OEM

5 November 2024

DeepRoute.ai, the leading AI company focused on developing intelligent driving solutions, announces a strategic Series C1 funding round, raising USD 100 million from a prestigious Chinese automotive supplier. The funding will strengthen the R&D of the DeepRoute IO end-to-end model, enhance collaboration among global automakers, explore future Robotaxi businesses, and support the recruitment of more AI native talents.

Since August, approximately 20,000 vehicles integrated with DeepRoute IO have been delivered to customers. The company plans to launch more than ten additional series models in collaboration with OEM customers next year and develop the next generation of DeepRoute IO, which uses a visual language and action model, which is scheduled to be launched next year. DeepRoute.ai's extensive experience in mass production in the domestic market will strengthen its collaboration with global automakers.

“The automaker’s strategic investment is a significant recognition of our technology maturity and mass production capabilities. We look forward to leveraging this momentum to expand our reach in global markets.” Maxwell Zhou , CEO, DeepRoute.ai, said: “I believe that autonomous driving is the most promising path to physical AI and that we will be a major player in the next era of AI. We look forward to cooperating with other partners as we navigate this transition.”

As human-supervised smart cars continue to collect data, DeepRoute IO will continue to evolve towards full autonomy without human supervision. This will allow the company to explore unsupervised robotaxis operations in the future through partnerships with mobility platforms. Unlike traditional robotaxis, which rely on pre-mapped data and are limited to specific areas, DeepRoute.ai’s robotaxi will be more scalable and cost-effective to deploy thanks to its end-to-end technology. This will allow people in different countries to enjoy the convenience of the latest smart driving technology.

Founded in 2019, DeepRoute.ai has made major progress with a clear technological vision and proven track record. In 2020, the company launched R&D of mapless technology, which was touted as the first of its kind in China in 2023, enabling vehicles to navigate from address to address in urban areas and on highways without a high-definition map.

DeepRoute.ai began end-to-end testing of its model last August and officially deployed it in mass-produced cars this year. With its deep technological knowledge, engineering expertise, and strong team cohesion, DeepRoute.ai is well-positioned to make substantial advances in the ongoing AI revolution.

About DeepRoute.ai:

DeepRoute.ai is an artificial intelligence company focused on the research, development, and application of intelligent driving solutions. As the first company to develop production-ready intelligent driving solutions and a pioneer in deploying an end-to-end architecture, DeepRoute.ai aims to create general artificial intelligence in robotics through the mass production of passenger vehicles.

Headquartered in Shenzhen , DeepRoute.ai also has offices in Beijing and Fremont, California. For more information, visit deeproute.ai , follow DeepRoute.ai on LinkedIn and X , and subscribe to DeepRoute.ai on YouTube .

Press Contacts:

Corine Chen
DeepRoute.ai Public Relations Manager
[email protected]

 

Source: prnewswire.com