DeepWay, an autonomous heavy truck company co-founded by Baidu, secured over $310 million in a Pre-IPO financing round. This investment represents the largest single-round financing in the autonomous heavy truck industry over the last five years. The company will use the capital to advance autonomous driving R&D and support global commercialization.
Stone Venture from the UAE led the financing round. Australian pension fund NGS Super also participated, reflecting significant international investor interest.
Baidu maintains a 17.28% stake as a founding shareholder. DeepWay utilizes Baidu’s Apollo platform to provide its core autonomous driving technology. This funding highlights the progress of Baidu’s AI-driven growth strategy within the autonomous vehicle sector.