Tech Company Financing Transactions
DeepWay Funding Round
On 3/28/2023, DeepWay raised $5.8 million in Series A funding from SBCVC, Qiming Ventures and Shandong Weiqiao Pioneering Group.
Transaction Overview
Company Name
Announced On
3/28/2023
Transaction Type
Venture Equity
Amount
$5,810,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to ensure mass production and delivery its truck, which further consolidates its leadership position in the smart electric heavy truck market.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Floor 1, Block B, Hexie Technology Building, Northwest Wangd
Beijing, 100094
CN
Beijing, 100094
CN
Phone
Undisclosed
Website
Email Address
Overview
Developer and manufacturer of smart vehicles designed to offer intelligent driving solutions for the truck freight market. The company offers heavy-duty trucks which have low wind resistance body, high-level intelligent driving, distributed drive system with modular design based on the same platform of hydrogen and electricity, enabling logistics industry to avail smart freight system.
Management Team
Browse more venture capital transactions:
Prev: 3/28/2023: Milestone Pharmaceuticals venture capital transaction
Next: 3/28/2023: StellarFi venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to report on all VC transactions involving tech companies. All VC database entries reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs