Chinese self-driving tech startup DeepRoute.ai raises $50m round led by Fosun RZ

Chinese self-driving tech startup DeepRoute.ai raises $50m round led by Fosun RZ

Photo: Reuters

Chinese self-driving solutions provider DeepRoute.ai has secured nearly $50 million in a pre-Series A round of financing led by Fosun RZ Capital, a Beijing-based investment affiliate of Fosun Group.

GoldenSand Capital, which owns the flagship venture capital platform GSR Ventures, Shanghai-based Yunqi Partners, Europe and China-focused investment company Ventech China, and Chinese venture capital firm Green Pine Capital Partners (GPCP) also participated in the latest round, Fosun RZ Capital said in a statement on Tuesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter