Anhui Deepway Technology Raises $102M in Series B Funding for Autonomous Trucks
China’s leading autonomous truck innovator Anhui Deepway Technology secures $102 million in Series B funding to accelerate development of electric heavy-duty freight vehicles. This infusion targets urgent logistics challenges—rising freight volumes, driver shortages, and carbon reduction mandates—by scaling AI-driven transport solutions. In this article, we examine Deepway’s origins and vehicle lineup, dissect the Series B round and its strategic backers, explore industry-wide implications of autonomous truck investments, detail the flagship Xingtu electric autonomous truck’s features, outline planned use of funds, assess market and technical hurdles, and forecast the company’s long-term impact on China’s logistics landscape.
What is Anhui Deepway Technology and its role in autonomous trucking?
Anhui Deepway Technology is an AI logistics startup that integrates perception, planning, and control algorithms into heavy-duty vehicles to automate freight transport. By embedding sensor fusion and machine learning across truck platforms, Deepway improves route efficiency, reduces operational costs, and enhances safety. For example, its test fleets routinely demonstrate 20 percent fuel savings through optimized speed profiles on long‐haul routes, illustrating the tangible benefits of autonomous integration.
Who is Anhui Deepway Technology?
Founded in 2020 by a team of AI engineers and logistics veterans, Anhui Deepway Technology develops software-defined platforms for autonomous heavy freight.
- Headquarters: Hefei, Anhui province
- Founders: Dr. Li Wei (AI specialist) and Chen Rui (logistics operations)
- Core focus: Level 3–4 automation for medium and heavy-duty trucks
Deepway’s leadership combines deep learning expertise with transportation operations, enabling rapid prototyping and large-scale pilot deployments across industrial parks. This interdisciplinary foundation sets the stage for its key vehicle offerings.
What are Deepway’s key autonomous heavy-duty truck models?
Deepway’s lineup includes medium-tonnage to heavy-tonnage platforms equipped with electric and diesel-electric powertrains configured for autonomous operation.
Each model applies AI-driven path planning and adaptive cruise control to maintain safety and efficiency on highways. This modular approach transitions naturally into assessing Deepway’s broader impact on China’s AI logistics sector.
How does Deepway’s technology impact China’s AI logistics sector?
Deepway’s platform accelerates digital transformation in freight by leveraging real-time data analytics, predictive maintenance, and autonomous control:
- It reduces labor dependency by automating repetitive driving tasks.
- It lowers emissions through optimized energy use in electric variants.
- It enhances network reliability with cloud-based monitoring and over-the-air updates.
These advancements support government targets for logistics efficiency and carbon neutrality, positioning Deepway as a core driver of China’s next-generation transport infrastructure.
China’s Role in Revolutionizing Automation and Logistics
How was the $102M Series B funding raised by Anhui Deepway Technology?
The $102 million Series B round combined venture capital and strategic corporate investments to back Deepway’s scaling of production, R&D, and market expansion. This infusion reflects investor confidence in heavy-duty automation as a cornerstone of future logistics networks and provides the capital to move from pilot fleets to commercial deployment.
DeepWay Secures $102M in Series B
Who were the main investors in Deepway’s Series B funding?
- Qiming Venture Capital (lead investor focusing on deep technology)
- Strategic arm of a major commercial vehicle manufacturer (industrial partner financing assembly capacity)
- Specialized logistics fund (supporting fleet digitization across China)
Support from these entities underlines the industry’s shift toward integration of autonomy and electrification in freight transport.
What is the significance of this funding for Deepway’s growth?
The $102 million will fuel expansion of production facilities, advanced sensor R&D, and nationwide pilot programs. By scaling assembly lines and doubling engineering headcount, Deepway aims to deliver hundreds of autonomous truck units by 2025. This capital jumpstarts a transition from proof-of-concept to revenue-generating operations.
DeepWay Completed 750 Million RMB Series B Financing
How does this funding compare to other autonomous truck investments in China?
Recent investments in Chinese autonomous trucking ventures average $50–70 million per round.
Deepway’s Series B is among the largest dedicated to over-the-road heavy-duty autonomy, underscoring its leadership in EV-enabled freight solutions.
Why is investment in autonomous heavy-duty trucks important for China’s logistics industry?
Autonomous heavy-duty trucks address structural challenges in China’s freight sector—driver shortages, volatile fuel costs, and tightening emissions rules—by applying robotics and AI to long-distance hauling. This synergy improves throughput and operational predictability while supporting national green transportation objectives.
What role does AI play in transforming China’s logistics with autonomous trucks?
AI capabilities embedded in modern freight vehicles drive transformative effects:
- Route Optimization: Dynamic path selection based on traffic patterns enhances delivery punctuality.
- Predictive Maintenance: Sensor data analytics forecast component health to prevent downtime.
- Real-Time Monitoring: Centralized dashboards track vehicle status and cargo condition for logistics managers.
These functions integrate into digital supply chains, elevating visibility and control for shippers nationwide.
How does Deepway’s funding reflect trends in China AI logistics venture capital?
Recent investment flows indicate growing appetite for capital-intensive hardware-software hybrids. Backers are prioritizing:
- Electrification paired with autonomy.
- Strategic partnerships between AI startups and vehicle OEMs.
- Funds targeting end-to-end logistics digitalization.
Deepway’s round exemplifies this convergence, bridging deep tech financing with traditional automotive manufacturing.
China Autonomous Trucks Market
What are the expected benefits of autonomous trucks for heavy-duty freight?
Autonomous trucks offer measurable advantages for high-volume cargo movement:
Implementing these benefits scales directly into lower logistics costs and higher fleet utilization rates across commercial routes.
What are the features and innovations of the Deepway Xingtu electric autonomous truck?
The Deepway Xingtu is an all-electric heavy-duty truck integrating lidar, radar, and high-precision GNSS for Level 4 autonomy. Its powertrain, AI modules, and smart fleet management deliver robust performance and reliability in regional freight corridors.
How does the Xingtu truck differ from traditional heavy-duty trucks?
The Xingtu platform combines electric propulsion with advanced autonomy stack:
- Zero tailpipe emissions from its 350 kWh battery system.
- Automated longitudinal and lateral control for driver-less highway operations.
- Over-the-air software updates that continuously refine performance algorithms.
These features optimize TCO and accelerate the shift to sustainable logistics.
What AI technologies power the Deepway Xingtu truck?
Deepway’s flagship model leverages a multi-sensor AI suite to process environmental data and execute real-time decisions:
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How is the Xingtu truck positioned in China’s electric truck market?
Set against a backdrop of rising demand for zero-emission freight vehicles, the Xingtu competes on autonomy depth and range efficiency. Its combination of Level 4 autonomy and a 300-kilometer per-charge capability places it at the forefront of electric autonomous haulage platforms.
How will Anhui Deepway Technology use the $102M funding to expand its autonomous truck business?
Deepway plans to allocate its Series B proceeds across three pillars: R&D acceleration, production scaling, and ecosystem partnerships. This strategic use of capital paves the way for nationwide roll-outs and the establishment of commercial pilot corridors.
What are Deepway’s plans for R&D and technology development?
Deepway will invest in next-generation sensor fusion, edge computing hardware, and AI model iteration:
- Expanding its perception lab to test advanced lidar and camera arrays.
- Developing specialized AI chips for real-time processing onboard vehicles.
- Conducting large-scale validation trials under diverse meteorological and traffic conditions.
These efforts underpin continuous improvement in autonomy reliability and operational safety.
How will the funding support production and market expansion?
Capital infusion will double assembly line capacity at Deepway’s Hefei plant and establish service centers in key logistics hubs. By partnering with regional fleet operators, Deepway anticipates deploying over 500 autonomous units across major corridors within two years.
What partnerships or collaborations are expected after this funding?
Deepway aims to forge alliances with:
- Component suppliers for custom electric drivetrains.
- Cloud providers for scalable fleet management solutions.
- Government agencies to co-develop regulatory frameworks and testing zones.
These collaborations will strengthen the company’s ecosystem and accelerate commercial adoption.
What challenges does Anhui Deepway Technology face in the autonomous truck market?
Despite robust funding and technological advances, Deepway must navigate complex regulations, technical refinement, and rising competition to realize its vision of driverless freight transport.
How does regulatory environment affect Deepway’s autonomous truck deployment?
China’s evolving rules for autonomous commercial vehicles require multi-stage approvals, including safety validations and dedicated pilot zones. Deepway must align its testing and certification processes with standards set by transport ministries and provincial authorities to achieve full-scale operations.
What technical hurdles remain for autonomous heavy-duty trucks?
Heavy-duty autonomy encounters challenges in sensor resilience, decision-making under extreme conditions, and cybersecurity.
Addressing these hurdles advances reliability and regulatory confidence in driverless freight operations.
How does Deepway plan to address competition in China’s AI logistics sector?
Deepway focuses on depth of autonomy, vertical integration of powertrain and software, and targeted fleet partnerships. By delivering turnkey solutions—software, hardware, and service—Deepway differentiates itself from providers offering standalone software stacks or retrofitted kits.
What is the future outlook for Anhui Deepway Technology and autonomous trucking in China?
The convergence of AI, electrification, and logistics digitization positions Deepway to lead China’s transition toward sustainable, high-efficiency freight networks. Its Series B funding and strategic roadmap set a foundation for scaling autonomous operations across key industrial corridors.
How will Deepway influence the future of AI-driven logistics?
Deepway’s deployments will generate rich datasets fueling continuous improvements in route planning and energy management. As fleet sizes grow, network-wide optimization capabilities will advance, reducing empty-run ratios and unlocking new service models such as on-demand autonomous freight.
What trends will shape autonomous heavy-duty truck investments in China?
Investment flows will prioritize:
- Joint ventures between logistics conglomerates and AI startups.
- Funding R&D for next-gen battery and sensor technologies.
- Projects integrating smart highways and vehicle-to-infrastructure communication.
These trends reinforce the strategic value of capital allocations like Deepway’s Series B.
How might Deepway’s success impact global autonomous truck development?
Proven large-scale deployments in China’s diverse terrain and regulatory environments will validate Deepway’s technology stack for international markets. This success could attract cross-border partnerships and accelerate global adoption of efficient, electric, and autonomous heavy-duty transport solutions.
Anhui Deepway Technology’s $102 million Series B milestone marks a pivotal moment for heavy-duty autonomy, combining deep learning, electrification, and logistics expertise. By channeling this capital into R&D, production, and ecosystem partnerships, Deepway is poised to transform China’s freight industry and set new standards for global autonomous trucking. As regulatory frameworks evolve and technical refinements advance, Deepway’s integrated platform will continue driving efficiency, safety, and sustainability across long-haul transport networks.