BEIJING: WeRide, a China-based autonomous driving startup backed by Nissan, Renault and Mitsubishi Motors, stated it raised “lots of of thousands and thousands” of {dollars} in a funding spherical that it stated valued the agency at $3.3 billion.
WeRide, which is testing autos in California, in addition to in China’s southern metropolis of Guangzhou – the place it’s headquartered – and the central metropolis of Zhengzhou, didn’t disclose particulars on the scale of the funding.
Buyers participating within the newest funding spherical embrace IDG Capital and Homeric Capital, WeRide stated in a press release on Thursday. It raised $310 million in January.
WeRide is pursuing what is thought within the auto trade as a stage 4 autonomous normal, by which the automobile can deal with all features of driving in most circumstances with no human intervention.
Final month it acquired a allow to check two passenger autos on California’s public roads with no security driver within the entrance part.
Automakers and know-how corporations are investing billions of {dollars} in autonomous driving, aiming to take an early lead in what many think about the way forward for mobility.
