DeepWay raises $310M pre-IPO for global autonomous truck expansion

A major new funding round is propelling a Chinese autonomous trucking firm toward its global ambitions. DeepWay, headquartered in Hefei, has secured $310 million in a pre-IPO financing round as it prepares for a listing on the Hong Kong stock exchange. This significant capital injection underscores growing international confidence in the future of intelligent electric heavy-duty trucks and the company’s specific path to commercializing the technology.

To date, DeepWay has successfully delivered 6,400 of its advanced trucks within the Chinese market. The composition of its latest investor group signals a broadening appeal for its clean freight story. Notably, an Australian superannuation fund participated in this round, demonstrating that institutional capital from outside China is beginning to engage with the sector’s potential. This cross-border investment interest is a key milestone for the company as it looks beyond domestic operations.

Despite its rapid manufacturing scale and technological development, DeepWay has not yet achieved profitability. This is a common phase for capital-intensive startups in the autonomous vehicle industry, where substantial upfront investment in R&D and infrastructure precedes sustained revenue. The new funds will be critical for fueling the next stage of expansion, which includes scaling its commercial trucking operations and advancing its global rollout strategy. The pre-IPO financing positions the company more strongly for its anticipated public market debut, which will provide further resources to compete in the international arena for zero-emission freight transport.