Chinese Autonomous Vehicle Company Zelostech Raises $100M in Series B4 Funding Led by Ant Group
Summary
Chinese autonomous vehicle company Zelostech secures $100 million in Series B4 funding led by Ant Group, bringing total Series B funding to $400 million as the firm operates over 10,000 driverless logistics vehicles globally for clients including China Post and DHL across multiple countries.
Key Points
- Zelostech raises $100 million in Series B4 funding led by Ant Group, bringing total Series B fundraising to $400 million for the Chinese Level 4 autonomous driving logistics vehicle developer
- The company operates over 10,000 driverless logistics vehicles globally, serving clients like China Post and DHL across China, Singapore, Malaysia, UAE, and other international markets
- Funds will accelerate R&D investment in autonomous driving technology and support global expansion, with ongoing talks for partnerships at Singapore Changi Airport and other potential clients