According to the IPO news, DeepWay recently completed a Pre IPO round of financing, raising a total of 1.177 billion yuan, which is also the largest single financing in the history of the autonomous driving new energy heavy-duty truck track.
This round of financing is led by PwC Capital, ABC Impact、 Xinwangda, Qianhai Gengtian, Hantang Real Estate, Linyi Guoke, Changxing Chuangqiang Fund, Shandong Guokong Capital, Lenovo Venture Capital, Greater Bay Area Fund, Guangyue Investment, and Hongshan Fund jointly invested. The funds raised in this round of financing will mainly be used for the operation and development of the group's main business, further consolidating its leading position in the field of intelligent new energy heavy-duty trucks.
As the world's first enterprise to create intelligent new energy heavy-duty truck solutions through positive definition and achieve mass delivery, DeepWay adheres to the concept of positive definition and adopts an integrated two wheel drive development strategy of "self owned vehicles+self-developed intelligent driving technology". It redefines its products and research and development architecture beyond the traditional fuel vehicle technology system, enabling deep adaptation of vehicle hardware and intelligent driving software at the bottom level, with the ultimate goal of completely unmanned driving in the freight field. As of June 2025, DeepWay has delivered approximately 6400 new energy heavy-duty trucks, ranking first in the global positive definition of the new energy heavy-duty truck market.
Centered around the long-term goal of autonomous driving, DeepWay has chosen a pragmatic and gradual development path, prioritizing the allocation of limited resources to the direction where commercialization can be achieved first. In the early stages of its establishment, DeepWay first built vehicles through positive definition, achieved self-developed core components for three electric systems, and completed the electrification innovation of new energy heavy-duty trucks; On this basis, we will promote the large-scale application of the combination assisted driving system, and then promote the deployment of the formation mode of human-machine co driving, achieving a positive commercial cycle of "laying eggs along the way", and ultimately laying the foundation for the large-scale landing of single vehicle unmanned driving. This gradual path has enabled the company to establish a balance between technological feasibility and commercial sustainability, forming a differentiated development path in the field of commercial vehicle autonomous driving.
DeepWay is also at the forefront of the industry in the commercialization of intelligent driving. At present, DeepWay has taken the lead in implementing a combination assisted driving system as standard in the latest models of the entire series, and the subscription rate for intelligent driving continues to increase. This progress is attributed to the company's consistent focus on market core demands, prioritizing the practicality and economy of intelligent driving functions, and quickly achieving commercial closure through cost-effective solutions. At the same time, large-scale production delivery has also accumulated a large amount of real operational scenario data for the company, providing reusable data and engineering foundation for the perception, decision-making, and control algorithms required for future autonomous driving.
In terms of application scenario selection, DeepWay focuses deeply on the large fixed route short distance bulk transportation market in China's logistics system, which accounts for about 40% to 50% of the total road freight demand. Around this scenario, the company is accelerating the application of intelligent formation, currently conducting formation testing, verification, and cargo operation in customer scenarios such as Xinjiang, Inner Mongolia, and Sichuan, and achieving the first batch of customer deliveries of formation vehicles. As data accumulation and operational experience continue to deepen, DeepWay is expected to be the first to achieve large-scale deployment of intelligent formations and gradually evolve towards intelligent unmanned driving of bicycles in short and medium to long distance scenarios, continuing to move towards the long-term goal of "industrial robots".
With a clear strategic path, continuous technological investment, and solid commercialization progress, DeepWay is steadily advancing the landing process of freight autonomous driving. In the future, DeepWay will continue to focus on technological and product innovation, accelerate the large-scale application of autonomous driving in highway freight scenarios, and promote the industry's development towards a more intelligent, efficient, and green direction.
Yang Jie, a partner at PwC Capital Fund, said, "DeepWay has built a systematic advantage in the field of intelligent driving that is currently difficult to replicate. The integrated research and development model of vehicles and intelligent driving technology has achieved deep collaboration of software and hardware and data closed-loop, not only ensuring the high reliability and safety of intelligent driving systems, but also leading the industry in engineering implementation and iteration efficiency. The company's gradual path from electrification to intelligence, from L2 to L4, is pragmatic and clear. The large-scale application of assisted driving has laid a solid foundation for the large-scale landing of advanced autonomous driving in terms of data and engineering implementation. We are optimistic about the technological barriers and practical experience accumulated by the company in the fields of vehicle electrification and intelligence. In the future competition of autonomous driving, we believe that DeepWay will become a leader in intelligent road freight transportation with its unique strategic path and deep software and hardware moat. ”
Chen Shaoming, Chief Investment Officer of ABC Impact, said, "DeepWay's mission is highly aligned with our investment philosophy. The company promotes the replacement of high emission fuel trucks through electrification and intelligent technology, providing a potential solution for emission reduction and decarbonization in China's road freight industry. We are optimistic about DeepWay's capabilities in technological innovation and commercialization, and look forward to constructive cooperation with the company in governance and long-term value creation. ”ABC Impact is an impact investment fund under Temasek Trust, with limited partners including Temasek and the Asian Development Bank.
As an industry investor, we are optimistic about the positive role that DeepWay can play in promoting industrial development and transformation, "said Zeng Di, Secretary of the Board of Directors of Xinwangda. The positive definition intelligent new energy heavy-duty truck created by the company accurately solves the core pain points of cost reduction and efficiency improvement in the logistics industry. The vehicle has significant advantages in full lifecycle cost, safety, and other aspects, and has gained recognition from more and more customers. DeepWay not only drives technological innovation in the industry, but also leads the efficiency revolution of the entire road freight ecosystem. In the future, we look forward to working closely with DeepWay to accelerate the large-scale application of intelligent new energy heavy-duty trucks in various freight scenarios. ”
