Chinese self-driving truck startup Inceptio raises $100 mln -sources [Reuters]
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Source: Reuters
Chinese self-driving truck startup Inceptio raises $100 mln -sources BEIJING/SHANGHAI, April 27 (Reuters) - China’s Inceptio Technology, a startup developing self-driving trucks, has raised $100 million in its latest funding round from logistics firm GLP, its key strategic investor G7 and other investors, two sources familiar with the matter told Reuters. The proceeds from its series A funding round will be used to further develop its technologies and to start commercial trials, said the sources, who declined to be named as they were not authorised to speak to media. The company, which aims to operate a freight network with autonomous driving trucks in China from 2022, has partnerships with Dongfeng Automobile Co Ltd, Sinotruk Hong Kong Ltd and Foton. The two-year-old firm is developing autonomous driving software and an in-car computing system while the truckmakers are responsible for the vehicles’ platforms. Inceptio declined to comment. G7 and Singapore-based GLP did not immediatel
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