The terms of the deal were not disclosed. According to WeRide, the companies plan to build a fleet of tens of thousands of robotaxis.
Chinese autonomous vehicle pioneer WeRide, which was founded in 2017, has raised more than $600 million in the last five months.
Less than one month after raising a $200 million Series B1 round of funding, Guangzhou, China-based WeRide raised another $110 million via Series B2 and B3 rounds. This brings the Series B to a total of $310 million for the developer of Level 4 autonomous vehicles. WeRide said it already kicked off its Series C…
WeRide, a leading autonomous vehicle company in China, has strengthened its partnership with bus maker Yutong Group, receiving $200 million in Series B1 funding.