About DeepWay
DeepWay is a Transportation, Automotive & Logistics company based in Beijing (China) founded in 2002. It operates as an autonomous trucks are developed for freight transportation management. DeepWay has raised $282.01 million across 3 funding rounds from investors including Lenovo, Qiming Venture Partners and Zhongan Capital. Its chief executive is Wan Jun. Its focus areas include Consumer, Logistics Tech, Freight and Multimodal. Its competitors include PlusAI, Changsha Intelligent Driving Institute, Autra.tech, TrunkTech and RITS and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
DeepWay was founded in 2002 in Beijing, China, and operates within the autonomous vehicle sector focused on freight logistics. Self-driving trucks are designed and developed for transporting goods between logistics parks and hubs. A motor distributed drive system is incorporated into the vehicles to support efficient operations in the transportation industry.
- Headquarters Beijing, China
- SectorsTransportation, Automotive & Logistics
- Emailβ’β’β’β’β’β’β’β’
- Website deepway.com
- Total Equity Funding$282.01M (USD)
in 3 rounds
- Latest Funding Round$102.79M (USD), Series B
Dec 2024
- InvestorsLenovo
& 14 more
Funding Insights of DeepWay
DeepWay has successfully raised a total of $282.01M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $102.79 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $282.01M
- Total Rounds 3
- Last Round Series B β $102.79M
- First Round $67.25M
(Aug 2022)
- Investors Count 15
All 3 funding rounds of DeepWay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $102.79M | Series B | β | Zhongan Capital, Puhua Capital | |
| Mar 2023 | $111.97M | Series A | β | Weiqiaocy, SBCVC | |
| Aug 2022 | $67.25M | Series A | β | Qiming Venture Partners |
15 investors in total: 15 institutional.
Investors in DeepWay
DeepWay has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Lenovo, Qiming Venture Partners and Zhongan Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | zhongancapital.tcc.mode | - | |
Health and technology startups are invested in by Puhua Capital. | – | puhuacapital.com | Hangzhou, China | |
Venture capital funding is provided across multiple sectors. | – | gbahomeland.com | Hong Kong, China | |
China-based startups are invested in by SBCVC across diverse sectors. | – | sbcvc.com | Shanghai, China | |
Venture capital investments are directed toward multiple sectors. | 2006 | qimingvc.com | Shanghai, China | |
Venture capital fund focused on tech-driven automobile sector | – | vlightcap.com | Beijing, China | |
- | – | theducapital.com | - | |
- | – | cetcfund.com | - | |
Private equity investment firm focused on multiple sectors | – | huagaicapital.com | Dongguan, China | |
Operates as a professional wealth management firm offering strategic financial services. | 2010 | ccbtrust.com.cn | Beijing, China |
Investor details for DeepWay
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People of DeepWay
1 people are tracked at DeepWay (1 in leadership).
| Name | Role | Group |
|---|---|---|
Wan Jun | CEO | Leadership |
Complete people profiles for DeepWay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of DeepWay
3 dated milestones of DeepWay across 22 years, from founding to its latest funding, stage changes and deals.
- Founded DeepWay is founded.
- Funding First funding round of $67.3M.
- Funding Latest funding round, Series B, of $102.8M.
Competitors of DeepWay
DeepWay has 8 listed competitors in our database, 6 of them funded. They include PlusAI, Changsha Intelligent Driving Institute, Autra.tech, TrunkTech and RITS, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plus.ai | 2016 | San Francisco, United States | $720M | 146 | Self-driving technology for commercial trucks is developed by PlusAI. | |
| cidi.ai | 2017 | Changsha, China | $121.48M | – | Self-driving technology for commercial vehicles is developed and provided. | |
| autratech.tcc.mode | 2021 | China | $31.52M | – | AI-enabled autonomous trucks for logistics are developed. | |
| trunk.tech | 2017 | Haidian, China | – | – | Autonomous driving technologies are developed for commercial vehicles in logistics. | |
| racoits.com | 2020 | Beijing, China | $13.89M | – | Self-driving solutions for vehicles | |
| zhito.com | 2019 | Suzhou, China | $29.47M | – | Cloud-enabled autonomous trucks are supplied for logistics and transport sectors. | |
| notebike.cn | 2014 | Hangzhou, China | $785,000 | – | Self-driving technologies for commercial vehicles are developed and provided. | |
| senior-automation.com | 2020 | Haidian, China | – | – | Develops innovative self-driving technologies for trucks and logistics. |
Detailed competitors of DeepWay
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Top companies in Electric & Green Mobility
10 companies that operate in the same segment as DeepWay (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Frequently Asked Questions about DeepWay
DeepWay was founded in 2002 and raised its 1st funding round 20 years after it was founded.
DeepWay is headquartered in Beijing, China.
Wan Jun is the current CEO of DeepWay.
DeepWay is a funded company, having raised a total of $282.01M across 3 funding rounds to date. The company's 1st funding round was a Series A of $67.25M, raised on Aug 2022.
DeepWay was founded in 2002 in Beijing, China, and operates within the autonomous vehicle sector focused on freight logistics. Self-driving trucks are designed and developed for transporting goods between logistics parks and hubs. A motor distributed drive system is incorporated into the vehicles to support efficient operations in the transportation industry.
DeepWay's top competitors include PlusAI, Changsha Intelligent Driving Institute and Zhitu Technology.
DeepWay has 15 investors. Key investors include Lenovo, Qiming Venture Partners, Zhongan Capital, Puhua Capital, and CCB trust.