WeRide is an autonomous driving company that provides safer and more efficient mobility services and solutions.
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.
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 |
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 |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Bosch (China) Investment Ltd. | Yes | Corporate Round |
China Structural Reform Fund | Yes | Series C |
IDG Capital | Yes | Series C |
Zhengzhou Yutong Bus | Yes | Series B |
Renault-Nissan-Mitsubishi | Yes | Series A |
Bosch | — | Series D |
China-Arab Investment Funds | — | Series D |
Guangzhou Automobile Group | — | Series D |
The Carlyle Group | — | Series D |
Qiming Venture Partners | — | Secondary Market |