Autopilot company "Intotech" raises another US$120 million in financing, CATL leads the investment
All original shareholders, including GLP, G7, and NIO Capital, followed suit.
After half a year, the self-driving truck technology and operation company Incept Technology completed a new round of US$120 million in equity financing. This round of financing was led by Ningde Times, a lithium-ion battery R&D and manufacturing company, and all original shareholders such as GLP, G7, and Weilai Capital followed the investment.
Inceptio Technology stated that through this round of financing, they will accelerate the mass production and commercial operation of L3-level autonomous driving heavy trucks. Centering on the vision of "autonomous driving + green energy + asset operation", they will cooperate with new and existing shareholders to build a new generation of automatic Drive TaaS (Transportation as a Service) freight network.
Source: Incept Technology
Incept Technology was established in April 2018 and announced in April this year that it had received US$100 million in equity financing. The company focuses on China’s trunk road freight market, with "technology + operation" as the core model. It has signed more than 100 logistics customers and is jointly developing L3-level autonomous driving heavy trucks with Dongfeng Commercial Vehicle and China National Heavy Duty Truck. It is planned for 2021 Mass production at the end of the year.
In terms of technology, Inceptio Technology stated that its self-developed full-stack autopilot system and core algorithm have reached the world's first in terms of ultra-long-distance 3D perception accuracy. The fully self-developed on-board computing platform has a computing power of up to 245 TOPS and is functionally safe. The design is at the head of the industry and supports the application of domestic AI chips.
Ma Zheren, Founder and CEO of Incept Technology, said: "The rapid development of Incept Technology firstly benefits from the continuous rapid development of China's economy. China's trunk logistics is a trillion-level market, and autonomous driving will be the first to be realized in this huge market. Large-scale commercial operation. We have made the right strategic choice in the mass production and commercial landing of L3 trucks, and will firmly invest in the independent research and development of autonomous driving full-stack technology. Inceptio will accelerate the construction of freight robots covering the country with industry partners Network, use technology to realize the beauty of logistics."
The matter of building a car has changed. Since 2014, building a car has become the most desirable thing for entrepreneurs. Not only are successful entrepreneurs working hard to start their second and third ventures, but countless "grassroots" teams have also begun to move around, as if the threshold of building a car was suddenly pulled to non-existent. But facts have proved that there are indeed barriers to building cars, and it limits most players. Li Bin, the founder and chairman of Weilai Automobile , once said that an electric car company needs at least 20 billion yuan to reach mass production. Xiaopeng Motors Chairman He Xiaopeng also sighed: "It used to be an exaggeration to see others making cars. I jumped in and realized that 20 billion is not enough to spend.” In the end, the new car-building forces ran out of three first-tier players, but at the same time it also made people realize how difficult it is for a new company to build cars. People's attit
The news of the newly redesigned 2021 Tesla Model S was suddenly mentioned by Musk at the beginning of the year. Everyone was pleased with the Model S that had not been updated for a long time. However, when the pictures came to light later, everyone found that the change didn't feel much, and there was almost no change in appearance. Tony teachers just repaired it and it was over. However, after the interior was exposed, everyone found that it seemed like a new generation without looking at the exterior, which was shocking. Many people still don't believe that this is the real car, so today Musk will give you an official announcement. Currently the fastest mass-produced electric car Today, Tesla officially released Model S Plaid, and it was also a delivery ceremony. Excited Musk specifically brushed a track out of the Fremont factory , and then drove directly to the stage. Two days ago, Musk just announced the cancellation of the Plaid+ version. The reason was that
New energy is the trend of automobiles, and the sinking market is the vast world of new energy automobiles. However, for many new energy vehicle brands, there is still a long and rugged mountain road to go before they truly reach the "willows and flowers in another village". New energy vehicles are accelerating toward the sinking market, looking for new incremental space. However, for more new energy vehicle brands, how to break the dilemma of low prices in the sinking market, increase the added value of products, and obtain more profits in addition to the increase in sales are long-term problems that need to be faced. On the other hand, after Baidu , Xiaomi also intends to enter the game. Traditional car companies continue to launch new new energy brands, and more and more players are entering the game. In 2020, the power of new cars will usher in strong growth, and Tesla will also achieve sales of over 100,000 vehicles in the Chinese market. Many high-end brand new