The funding comes six months after a $100 million funding in April. Logistics firm GLP, Inceptio’s key strategic investor G7 and Nio Capital also invested in the new funding, Inceptio said in a statement. It did not disclose its valuation.
The truck manufacturing industry is expected to be an earlier adopter of autonomous driving technology than passenger vehicle manufacturing as driving on motorways is more predictable than on busy city streets.
Reporting by Yilei Sun and Brenda Goh; Editing by Susan Fenton