SoftBank Vision Fund 2 has led a $500m funding round for the driverless vehicle software developer, which is based on work by Didi Chuxing going back to 2016.
China-based ride hailing service Didi Chuxing spun off an autonomous driving technology developer on Friday with more than $500m from a funding round led by telecommunications and internet group SoftBank’s Vision Fund 2.
Didi began testing autonomous driving software in 2016 and channelled it into a separate entity in September 2019.
The funding will be used to help the company expand research and development spending, conduct more tests on the technology and form additional partnerships within the automotive industry as…
