DeepWay has secured additional capital in its pre-IPO round, bringing the total raised to more than USD 310 million. The funding comes as the company pushes to scale both its autonomous driving technology and its commercial freight operations.
The round was led by UAE-based Stone Venture, with participation from Australian pension fund NGS Super and Xiamen Guosheng Fund. Existing investors ABC Impact, an Asia Pacific private equity fund, and Nanjing Ronghe Venture Capital also increased their stakes. The company said the proceeds will be used to advance its autonomous driving R&D and support the global rollout of its driverless freight fleet.
The entry of three overseas investors signals external validation of DeepWay’s technology and strategy. The company said it plans to use these investors’ international networks to accelerate expansion into overseas markets.
DeepWay, which develops autonomous new energy heavy-duty trucks, has deployed driver assistance systems across its full vehicle lineup and begun large-scale deliveries. It said vehicle sales are generating steady cash flow, which is being reinvested into R&D. At the same time, operational data collected from real-world driving scenarios is being used to train its autonomous driving models and refine algorithms. The company describes this as a feedback loop between commercialization and technology development.
The company’s model integrates software, hardware, and operating scenarios. It said this approach underpins its push toward fully driverless freight operations. Its roadmap is structured in three stages: electrification, to establish the vehicle platform; scale and globalization, to improve system performance using operational data; and full intelligence, aimed at building a networked fleet of autonomous trucks.
Since the start of the year, DeepWay said its commercialization efforts have accelerated. It reported rising paid subscription rates for its driver assistance systems and stated that the technology performs well across safety, efficiency, and comfort metrics. The company has also begun mass production of smart platooning vehicles and obtained autonomous driving test permits in multiple regions. Freight operations have started in Inner Mongolia, Xinjiang, and other areas.
In parallel, DeepWay is developing end-to-end autonomous driving systems and testing single-vehicle driverless operations, with the stated goal of enabling fully autonomous freight transport.
Global expansion remains a central focus. Beginning in 2026, the company plans to scale its overseas commercialization efforts. Citing data from China Insights Consultancy, IPO Zaozhidao reported that China’s exports of new energy heavy-duty trucks could reach about 97,000 units by 2030, driven by global carbon neutrality initiatives.
DeepWay said it is working with its international investors to expand into markets across the Middle East, Europe, North America, Australia, and Asia Pacific.
The company expects to continue focusing on three core strategies: in-house development and manufacturing of key components, advancing intelligent systems, and expanding internationally. It aims to scale the commercial deployment of autonomous freight solutions globally, targeting gains in efficiency and emissions reduction.
This article was adapted based on a feature originally written by Stone Jin and published on IPO Zaozhidao. KrASIA is authorized to translate, adapt, and publish its contents.