Alibaba and Fosun were among the investors that helped the autonomous driving technology provider close a $300m round.

US-headquartered autonomous driving technology developer Deeproute.ai completed a series B round led by e-commerce group Alibaba yesterday sized at over $300m that also featured diversified conglomerate Fosun.

The round included Jeneration Capital, Glory Ventures and Yunqi Partners, while Fosun invested through corporate venturing arm Fosun RZ Capital. Media reports last month suggested Alibaba provided $200m for the round.

Founded in 2019, Deeproute has developed software and hardware for self-driving vehicles and will use this capital to boost its research and…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
Email LinkedIn