Sequoia China, Legend Capital lead $188m funding in self-driving truck developer

Sequoia China, Legend Capital lead $188m funding in self-driving truck developer

Source: Inceptio Technology

Sequoia Capital China and Legend Capital, a fund management arm of Chinese conglomerate Legend Holdings, have jointly led a $188-million Series B+ round in Chinese self-driving truck developer Inceptio Technology.

Chow Tai Fook Enterprises Limited (CTFE), a private investment firm of Hong Kong’s Cheng Family, global investment firm Cedarlake Capital, Shanghai-listed supply chain services firm Wuchan Zhongda Group, and an unspecified international equity fund participated in the deal.

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