WeRide

company

About

WeRide is an autonomous driving company that provides safer and more efficient mobility services and solutions.

Details

Last Funding Type
Corporate Round
Industries
Artificial Intelligence,Autonomous Vehicles,Computer,Software
Founded date
Apr 3, 2017
Number Of Employee
501 - 1000
Operating Status
Active
Legal Name
WeRide.ai
Also Known As
文远知行,WeRide

WeRide aims at developing most advanced autonomous driving technology to make their trip safer and more efficient. WeRide has received strategic investments from top-tier global automakers, including Renault-Nissan-Mitsubishi Alliance and Yutong Group. WeRide is the first startup in the world that holds driverless test permits in both China and the US.

Established in 2017, WeRide is headquartered in Guangzhou, China, and maintains R&D and operation centers in Beijing, Shanghai, Nanjing, Wuhan, Zhengzhou and Anqing, as well as Silicon Valley in the US. It employs a highly skilled team and has extensive domestic and international experience in R&D, business models and business operations.

WeRide launched the first Robotaxi service, completely open to public, in November 2019, in Guangzhou, China, covering an area of 144 square kilometers. Since June 2020, WeRide’s Robotaxi service became available to the public through Amap, a popular ride-hailing mobile app in China with 140 million monthly active users. A total of 147,128 trips were completed for more than 60,000 passengers during the first year of WeRide Robotaxi services.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
10
$1.41B
WeRide has raised a total of $1.41B in funding over 2 rounds. Their latest funding was raised on May 25, 2022 from a Corporate Round round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 25, 2022 Corporate Round 1 Bosch (China) Investment Ltd. Detail
Mar 24, 2022 Series D $400M 4 Detail
Dec 14, 2021 Corporate Round $393M 1 Guangzhou Automobile Group Detail
Aug 1, 2021 Secondary Market $2M 1 Detail
May 13, 2021 Series C $310M 5 China Structural Reform Fund
IDG Capital
Detail

Investments

Number of Investments
Number of Lead Investments
2
1
WeRide has made 2 investments. Their most recent investment was on Apr 26, 2022, when ON TIME raised ¥1B.
Date Company Name
Round Money Raised Industry Lead Investor
Apr 26, 2022 ON TIME
Series A ¥1B Automotive
Dec 21, 2021 ON TIME
Corporate Round Automotive Yes

Employee Profiles

Number of Employee Profiles
11
WeRide has 11 current employee profiles, including Board member -- --
Board member
Executive
Executive
Board observer
Board observer

Acquisition

WeRide has acquired 1 organizations. Their most recent acquisition was MoonX on Jul 20, 2021. They acquired MoonX for 0.

Date Company Name
Industry Acquisition Type Price
Jul 20, 2021 MoonX
Electronics acquisition Detail