September 14 - 10:09
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Self-driving tech company DeepRoute.ai lands $300m
DeepRoute.ai, which produces self-driving technology, has raised $300m in new funding. Alibaba led the investment round, with the company saying the cash will be spent on R&D and "scaling automaker collaboration". DeepRoute.ai is a major player in the robotaxi industry and wants to continue to grow its fleet. "We also want to expand to urban logistics,” said Maxwell Zhou, CEO of the firm.
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