GAC and Bosch were reportedly among the investors which put up fresh capital for the autonomous driving technology developer at a $4.4bn valuation.

China-based autonomous driving technology producer WeRide has raised $400m from investors including car manufacturer GAC and industrial technology and applince manufacturer Robert Bosch, LatePost has reported.

Private equity firm Carlyle and China-Arab Investment Funds also took part in the round, at a valuation of $4.4bn. It reportedly boosted the company’s total funding to over $1.2bn.

Founded in 2017 as Jingchi, WeRide develops software and hardware to retrofit vehicles with the capability to achieve level 4 autonomous driving, which would allow…

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Fernando Moncada Rivera

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