On November 17th, Beijing Mainline Technology Co., Ltd. (referred to as Mainline Technology), an autonomous driving technology company, officially disclosed a new round of financing worth hundreds of millions of yuan, led by Yuexiu Industrial Fund, Zhongwei Capital, and Bohai Zhongsheng
This financing will be used for the research and mass production of a new generation of autonomous trucks, further promoting the landing of mainline logistics autonomous driving operations and the expansion of the port autonomous driving market
Mainline Technology was established in March 2017 and received angel round financing from iFlytek Ventures in the same year; Obtained Series A financing in October 2018, jointly led by NIO Capital and Prologis Hidden Mountain Capital, with Zhongding Capital following suit. The financing amount was not disclosed; The A+round of financing was completed in September 2019, with investment from Bosch Group's Risk Investment Department (RBVC) and Prudential's Hidden Mountain Capital. The amount of financing was not disclosed
The company is a startup focused on the research and application of L4 level autonomous driving truck technology, mainly providing autonomous driving truck technology and transportation services for port logistics hubs and high-speed mainline logistics scenarios
