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Inceptio Technology Completes Capital Raising of US$100 Million

Inceptio is on its path to becoming the first company to mass produce autonomous trucks and to commercialize the autonomous driving technologies in China.

April 27, 2020 – Shanghai, Wuhan, Silicon Valley – NIO Capital-backed Inceptio Technology (“Inceptio”), an autonomous trucking start-up, announced its completion of US$100 million in capital raising and A-sample validation in L3 autonomous truck volume production development.
 
The A-sample validation is the first in China’s autonomous driving industry and was conducted together with Dongfeng Commercial Vehicle Co., Ltd. (“Dongfeng Trucks”). It is a key milestone of productization in China’s autonomous driving industry and marks a solid step taken by Inceptio for volume production of L3 autonomous trucks in accordance with its set timeline.
 
An autonomous trucking start-up focusing on China line-haul freight shipping, Inceptio adopts an end-to-end business model. It develops proprietary autonomous technology for trucks and will operate its own nationwide autonomous trucking network starting 2022.
 
To date, more than 100 logistics and freight companies had already signed up for Inceptio’s Smart Truck Asset Service, marking the key progress in its commercialization.

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