| |

Inceptio Raises $270M to Further Autonomous Trucking Platform

Inceptio Trucking400x275

August 3, 2021

China’s Inceptio Technology has announced the closing of a $270 million Series B equity financing round. The closing of the round will allow the company to accelerate the development of its self-developed, full-stack autonomous driving system known as “Xuanyuan” as well as speed up deployment in electrification.

Since 2019, Inceptio Technology and China’s leading OEMs have jointly developed a line of mass-produced, autonomous driving, heavy-duty trucks. The collaboration followed a rigorous forward vehicle development process and pioneered several industry firsts in the autonomous driving field, the company said. The company added that its autonomous driving freight network has been embraced by several top tier shippers and fleets in China.

The latest funding round was jointly led by JD Logistics, Meituan, and PAG. Deppon Express, IDG Capital, CMB International, SDIC, Mirae Asset, Eight Roads, and Broad Vision Funds also participated in the round, as well as existing shareholders GLP Hidden Hill Capital, CATL, NIO Capital and Eastern Bell Capital.

For more details on the company and its technology, visit the Inceptio website.


Robotics World News

  • Phantom AI Raises $36.5M to Advance Autonomous Driving Platform

    Phantom AI Raises $36.5M to Advance Autonomous Driving Platform

    Phantom AI, a Silicon Valley-based startup developing an autonomous driving platform with computer vision, sensor fusion and control capabilities, has announced it raised $36.5 million in a Series C funding round. The company aims to help customers reduce accidents and make everyday driving more enjoyable, while also unlocking what is next in the advanced driving… Read More…

  • Raise Robotics Raises $2.2M in Seed Round Funding

    Raise Robotics Raises $2.2M in Seed Round Funding

    Raise Robotics, which develops robotic equipment for construction sites, has announced it raised $2.2 million in a pre-seed funding round (reported by Construction Dive). The company is currently providing fenestration and mass timber contractors with semi-autonomous equipment that completes bracket layout, installment and verification four times faster than standard methods. “Our mission at Raise is… Read More…


Products for Robots & Cobots

  • Xfuse Launches Phoenix ISP for AMD’s SOMs and Vision AI Starter Kit

    Xfuse Launches Phoenix ISP for AMD’s SOMs and Vision AI Starter Kit

    Xfuse LLC, which develops customizable imaging and video technology, has announced immediate availability of its Phoenix HDR ISP for the AMD Kria K26 System-on-Module (SOM) and the KV260 Vision AI Starter Kit. Designed for AI developers and computer vision engineers that need to capture real-time, data-rich imaging streams, the Phoenix HDR ISP delivers fully-tone mapped… Read More…

  • Sponsored Video: Oriental Motor BLV Series R

    Sponsored Video: Oriental Motor BLV Series R

    Brushless motors are commonly used in AGV/AMR designs for battery-powered, compact, and lightweight equipment movement. To assist with this development, Oriental Motors has created the BLV Series R Type of modular automation compatible products. The new motors provide DC power supply options of 60 W, 100 W, 200 W and 400 W. Features of the… Read More…