Returning investor Dongfeng Motor joined an Alibaba-run fund in autonomous fleet developer AutoX's latest round, which will fund the addition of extra vehicles to its offering.
Hong Kong-based autonomous vehicle developer AutoX has closed a $100m series A round led by carmaker Dongfeng Motor that included an unspecified investment vehicle for internet group Alibaba, KrAsia reported yesterday.
Government-founded technology commercialisation organisation Hong Kong Science and Technology Parks Corporation also took part in the round, as did Plug and Play China, an investment fund linked to incubator Plug and Play.
Founded in 2016, AutoX is working on self-driving vehicles for driverless fleets that will initially handle consumer…
